BankPlus Trust Department Buys Shares of 7,599 Verra Mobility Co. (NASDAQ:VRRM)

BankPlus Trust Department bought a new stake in shares of Verra Mobility Co. (NASDAQ:VRRM) during the 4th quarter, Holdings Channel reports. The firm bought 7,599 shares of the company’s stock, valued at approximately $184,000.

Several other institutional investors have also recently made changes to their positions in VRRM. Wellington Management Group LLP increased its holdings in Verra Mobility by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock worth $224,310,000 after acquiring an additional 941,127 shares in the last quarter. JPMorgan Chase & Co. increased 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 in the last quarter. State Street Corp grew its holdings in Verra Mobility by 6.0% during 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. Handelsbanken Fonder AB grew its holdings in Verra Mobility by 5.0% during the 4th quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company’s stock valued at $101,938,000 after buying an additional 200,000 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Verra Mobility by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,904,750 shares of the company’s stock valued at $108,612,000 after buying an additional 17,688 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Verra Mobility Stock Down 0.4 %

NASDAQ VRRM opened at $25.84 on Tuesday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The company has a market capitalization of $4.26 billion, a P/E ratio of 43.07, a P/E/G ratio of 2.18 and a beta of 1.24. Verra Mobility Co. has a one year low of $20.26 and a one year high of $31.03. The stock has a 50 day moving average price of $25.31 and a 200-day moving average price of $25.68.

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.