Bank of New York Mellon Corp Lowers Stake in Verra Mobility Co. (NASDAQ:VRRM)

Bank of New York Mellon Corp reduced its position in Verra Mobility Co. (NASDAQ:VRRM) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,046,161 shares of the company’s stock after selling 28,551 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.63% of Verra Mobility worth $25,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. boosted its holdings in Verra Mobility by 192.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock worth $32,000 after buying an additional 745 shares during the period. Avanza Fonder AB bought a new position in shares of Verra Mobility in the fourth quarter worth about $74,000. US Bancorp DE grew its position in shares of Verra Mobility by 10.3% during the third quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after purchasing an additional 418 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Verra Mobility during the fourth quarter worth about $129,000. Finally, KBC Group NV raised its stake in Verra Mobility by 61.9% during the 4th quarter. KBC Group NV now owns 7,090 shares of the company’s stock valued at $171,000 after purchasing an additional 2,710 shares during the period.

Verra Mobility Trading Down 0.6 %

VRRM stock opened at $21.12 on Monday. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility Co. has a 1-year low of $20.60 and a 1-year high of $31.03. The business has a 50 day simple moving average of $25.24 and a two-hundred day simple moving average of $25.43. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 35.20, a PEG ratio of 2.18 and a beta of 1.30.

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.