Franklin Resources Inc. Reduces Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Franklin Resources Inc. cut its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 20.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,443,099 shares of the company’s stock after selling 371,243 shares during the period. Franklin Resources Inc.’s holdings in Verra Mobility were worth $34,894,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in Verra Mobility by 2,915.3% during 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 last quarter. Norges Bank acquired a new position in shares of Verra Mobility during the 4th quarter worth approximately $46,156,000. Wellington Management Group LLP lifted its stake 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 valued at $224,310,000 after buying an additional 941,127 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 during the last quarter. Finally, Schroder Investment Management Group increased its position in Verra Mobility by 46.6% during 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.

Analyst Ratings Changes

Separately, Morgan Stanley reduced their price objective on Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 27th.

Verra Mobility Stock Performance

Shares of VRRM opened at $22.39 on Friday. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 2.18 and a beta of 0.91. 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 1 year low of $19.51 and a 1 year high of $31.03. The company’s 50 day simple moving average is $23.71 and its 200 day simple moving average is $24.61.

Verra Mobility 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.