Charles Schwab Investment Management Inc. Increases Stake in Verra Mobility Co. (NASDAQ:VRRM)

Charles Schwab Investment Management Inc. boosted its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 6.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,822,236 shares of the company’s stock after buying an additional 102,575 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.11% of Verra Mobility worth $44,062,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Wellington Management Group LLP grew its position in shares of Verra Mobility by 13.2% during the third quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock worth $224,310,000 after buying an additional 941,127 shares in the last quarter. State Street Corp lifted its stake in Verra Mobility by 6.0% in the third 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Verra Mobility by 23.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,643,241 shares of the company’s stock valued at $45,699,000 after buying an additional 313,080 shares during the last quarter. Braun Stacey Associates Inc. lifted its stake in Verra Mobility by 148.0% in the third quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company’s stock valued at $12,234,000 after buying an additional 262,509 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of Verra Mobility during the third quarter valued at about $7,039,000.

Verra Mobility Price Performance

Shares of NASDAQ VRRM opened at $20.66 on Friday. The firm’s 50-day simple moving average is $24.91 and its 200 day simple moving average is $25.25. The stock has a market cap of $3.30 billion, a P/E ratio of 34.43, a P/E/G ratio of 2.18 and a beta of 1.30. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week high of $31.03. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

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.