Legato Capital Management LLC Sells 1,364 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Legato Capital Management LLC lessened its position in Verra Mobility Co. (NASDAQ:VRRM) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,768 shares of the company’s stock after selling 1,364 shares during the quarter. Legato Capital Management LLC’s holdings in Verra Mobility were worth $478,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in Verra Mobility by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock worth $179,743,000 after acquiring an additional 36,585 shares during the period. Barclays PLC raised its holdings in Verra Mobility by 400.2% in the 3rd quarter. Barclays PLC now owns 294,457 shares of the company’s stock worth $8,189,000 after acquiring an additional 235,589 shares during the period. State Street Corp raised its holdings in Verra Mobility by 6.0% in the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company’s stock worth $175,234,000 after acquiring an additional 357,078 shares during the period. Braun Stacey Associates Inc. raised its holdings in Verra Mobility by 148.0% in the 3rd quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company’s stock worth $12,234,000 after acquiring an additional 262,509 shares during the period. Finally, Citigroup Inc. raised its holdings in Verra Mobility by 73.0% in the 3rd quarter. Citigroup Inc. now owns 222,910 shares of the company’s stock worth $6,199,000 after acquiring an additional 94,073 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VRRM. Morgan Stanley decreased their price target on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Robert W. Baird decreased their price target on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st.

Verra Mobility Price Performance

NASDAQ:VRRM opened at $26.33 on Friday. The firm has a market cap of $4.34 billion, a PE ratio of 43.88, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24. Verra Mobility Co. has a 12 month low of $20.26 and a 12 month high of $31.03. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The company’s 50-day moving average price is $25.03 and its two-hundred day moving average price is $25.84.

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.