2 weeks Ago By Defense World Staff
Envestnet Asset Management Inc. reduced its stake in shares of Verra Mobility Co. ( NASDAQ:VRRM – Free Report ) by 1.
2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 274,755 shares of the company’s stock after selling 3,470 shares during the quarter. Envestnet Asset Management Inc.
owned approximately 0.17% of Verra Mobility worth $6,644,000 at the end of the most recent quarter. Other institutional investors have also modified their holdings of the company.
American Century Companies Inc. lifted its stake in Verra Mobility by 2,915.3% in the fourth quarter.
American Century Companies Inc. now owns 2,086,049 shares of the company’s stock worth $50,441,000 after acquiring an additional 2,016,866 shares during the period. Norges Bank purchased a new position in Verra Mobility during the fourth quarter valued at approximately $46,156,000.
Schroder Investment Management Group raised its stake in Verra Mobility by 46.6% in the fourth quarter. Schroder Investment Management Group now owns 969,338 shares of the company’s stock worth $23,361,000 after buying an additional 308,187 shares in the last quarter.
DAVENPORT & Co LLC boosted its position in Verra Mobility by 17.9% during the 4th quarter. DAVENPORT & Co LLC now owns 1,603,342 shares of the company’s stock valued at $38,641,000 after acquiring an additional 243,723 shares in the last quarter.
Finally, Barclays PLC increased its holdings in shares of Verra Mobility by 400.2% in the 3rd quarter. Barclays PLC now owns 294,457 shares of the company’s stock valued at $8,189,000 after acquiring an additional 235,589 shares during the period.
Wall Street Analyst Weigh In Separately, Morgan Stanley decreased their price objective on 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 Price Performance Shares of VRRM opened at $21.31 on Monday. The company has a 50 day moving average of $22.
59 and a two-hundred day moving average of $24.11. The company has a market cap of $3.
40 billion, a price-to-earnings ratio of 35.52, a price-to-earnings-growth ratio of 2.18 and a beta of 0.
91. 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 twelve month low of $19.51 and a twelve month high of $31.03.
About Verra Mobility ( Free Report ) 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.
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