Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC reduced its position in Verra Mobility Co. (NASDAQ:VRRM) by 8.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,522 shares of the company’s stock after selling 1,059 shares during the period. HighTower Advisors LLC’s holdings in Verra Mobility were worth $279,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. 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. Verition Fund Management LLC acquired a new position in shares of Verra Mobility in the 3rd quarter valued at $386,000. Integrated Wealth Concepts LLC raised its position in Verra Mobility by 3.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 27,813 shares of the company’s stock valued at $774,000 after purchasing an additional 844 shares during the last quarter. Stifel Financial Corp boosted its stake in Verra Mobility by 179.2% during the 3rd quarter. Stifel Financial Corp now owns 57,186 shares of the company’s stock worth $1,590,000 after purchasing an additional 36,705 shares during the period. Finally, State Street Corp grew its position in Verra Mobility by 6.0% during the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company’s stock worth $175,234,000 after purchasing an additional 357,078 shares during the last quarter.

Verra Mobility Trading Up 1.3 %

NASDAQ:VRRM opened at $23.31 on Thursday. Verra Mobility Co. has a 12-month low of $19.51 and a 12-month 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. The stock’s 50 day simple moving average is $23.86 and its 200-day simple moving average is $24.67. The firm has a market cap of $3.72 billion, a P/E ratio of 38.85, a PEG ratio of 2.18 and a beta of 1.30.

Wall Street Analyst Weigh In

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

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.