Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in Verra Mobility Co. (NASDAQ:VRRM) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,535,713 shares of the company’s stock after selling 530,082 shares during the quarter. Wellington Management Group LLP’s holdings in Verra Mobility were worth $182,214,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Verra Mobility by 23.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,643,241 shares of the company’s stock valued at $45,699,000 after acquiring an additional 313,080 shares during the last quarter. Verition Fund Management LLC acquired a new position in Verra Mobility during the third quarter worth $386,000. Integrated Wealth Concepts LLC increased its holdings in Verra Mobility by 3.1% in the third quarter. Integrated Wealth Concepts LLC now owns 27,813 shares of the company’s stock valued at $774,000 after buying an additional 844 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Verra Mobility by 179.2% during the 3rd quarter. Stifel Financial Corp now owns 57,186 shares of the company’s stock worth $1,590,000 after buying an additional 36,705 shares during the last quarter. Finally, State Street Corp lifted its stake in Verra Mobility by 6.0% in the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company’s stock valued at $175,234,000 after buying an additional 357,078 shares in the last quarter.

Verra Mobility Trading Up 1.3 %

VRRM stock opened at $23.31 on Thursday. The business has a fifty day simple moving average of $23.86 and a 200-day simple moving average of $24.67. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 38.85, a PEG ratio of 2.18 and a beta of 1.30. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a 52 week low of $19.51 and a 52 week high of $31.03.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lowered their target price on shares of Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.