Verra Mobility Co. (NASDAQ:VRRM) Stake Cut by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. lessened its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 1.9% in the fourth quarter, HoldingsChannel reports. The fund owned 431,714 shares of the company’s stock after selling 8,190 shares during the period. Braun Stacey Associates Inc.’s holdings in Verra Mobility were worth $10,439,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. US Bancorp DE increased its holdings in shares of Verra Mobility by 10.3% in the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock valued at $125,000 after purchasing an additional 418 shares during the period. Signaturefd LLC lifted its stake in shares of Verra Mobility by 112.4% in the third quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after buying an additional 561 shares during the period. Tealwood Asset Management Inc. increased its holdings in Verra Mobility by 1.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company’s stock valued at $1,069,000 after buying an additional 592 shares during the period. RiverPark Advisors LLC raised its holdings in shares of Verra Mobility by 3.5% in the 3rd quarter. RiverPark Advisors LLC now owns 19,217 shares of the company’s stock worth $534,000 after buying an additional 642 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after purchasing an additional 694 shares during the last quarter.

Verra Mobility Trading Down 0.9 %

Shares of VRRM stock opened at $26.33 on Tuesday. The stock has a 50 day simple moving average of $25.08 and a two-hundred day simple moving average of $25.75. The company has a market cap of $4.34 billion, a P/E ratio of 43.88, a PEG ratio of 2.16 and a beta of 1.24. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. Verra Mobility Co. has a fifty-two week low of $20.26 and a fifty-two week high of $31.03.

Wall Street Analyst Weigh In

Several research firms have recently commented on VRRM. 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 note on Friday, November 1st. Morgan Stanley cut their price target on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, November 1st.

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.