Pacer Advisors Inc. Lowers Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Pacer Advisors Inc. cut its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 49.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,391 shares of the company’s stock after selling 4,375 shares during the quarter. Pacer Advisors Inc.’s holdings in Verra Mobility were worth $106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in VRRM. Signaturefd LLC lifted its holdings in shares of Verra Mobility by 112.4% during the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after acquiring an additional 561 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Verra Mobility by 192.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock valued at $32,000 after purchasing an additional 745 shares during the last quarter. Avanza Fonder AB purchased a new stake in shares of Verra Mobility during the 4th quarter valued at $74,000. Blue Trust Inc. increased its holdings in shares of Verra Mobility by 27.5% during the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after buying an additional 694 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Verra Mobility by 10.3% in the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after buying an additional 418 shares during the period.

Verra Mobility Trading Down 1.1 %

Shares of VRRM opened at $25.90 on Wednesday. Verra Mobility Co. has a 12 month low of $20.26 and a 12 month high of $31.03. The stock’s 50-day moving average is $24.64 and its two-hundred day moving average is $26.02. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. The stock has a market cap of $4.27 billion, a PE ratio of 43.17, a P/E/G ratio of 2.21 and a beta of 1.24.

Analyst Ratings Changes

Several equities research analysts have commented on VRRM shares. Robert W. Baird dropped their price target on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Morgan Stanley decreased their price objective on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th.

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.