Invesco Ltd. Decreases Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Invesco Ltd. lowered its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 51.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,164,754 shares of the company’s stock after selling 1,229,224 shares during the period. Invesco Ltd.’s holdings in Verra Mobility were worth $28,164,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of VRRM. American Century Companies Inc. grew 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 valued at $50,441,000 after buying an additional 2,016,866 shares during the period. Norges Bank bought a new position in shares of Verra Mobility during the 4th quarter valued at approximately $46,156,000. Schroder Investment Management Group raised its holdings in shares of Verra Mobility by 46.6% in the 4th quarter. Schroder Investment Management Group now owns 969,338 shares of the company’s stock worth $23,361,000 after purchasing an additional 308,187 shares during the period. DAVENPORT & Co LLC lifted its stake in Verra Mobility by 17.9% in the fourth quarter. DAVENPORT & Co LLC now owns 1,603,342 shares of the company’s stock valued at $38,641,000 after purchasing an additional 243,723 shares during the last quarter. Finally, Barclays PLC grew its holdings in Verra Mobility by 400.2% during the third quarter. Barclays PLC now owns 294,457 shares of the company’s stock valued at $8,189,000 after purchasing an additional 235,589 shares during the period.

Verra Mobility Stock Down 0.4 %

Verra Mobility stock opened at $21.31 on Friday. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 35.52, a P/E/G ratio of 2.18 and a beta of 0.91. The firm has a 50 day simple moving average of $22.69 and a 200 day simple moving average of $24.19. Verra Mobility Co. has a 1-year low of $19.51 and a 1-year high of $31.03. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13.

Analyst Ratings Changes

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

About Verra Mobility

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.