Blue Trust Inc. Decreases Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Blue Trust Inc. trimmed its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 27.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,326 shares of the company’s stock after selling 893 shares during the period. Blue Trust Inc.’s holdings in Verra Mobility were worth $56,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its position in shares of Verra Mobility by 112.4% during the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after buying an additional 561 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Verra Mobility by 192.0% in the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock worth $32,000 after purchasing an additional 745 shares in the last quarter. Avanza Fonder AB bought a new stake in shares of Verra Mobility in the fourth quarter valued at approximately $74,000. US Bancorp DE lifted its stake in shares of Verra Mobility by 10.3% during the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock valued at $125,000 after buying an additional 418 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of 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 buying an additional 2,710 shares in the last quarter.

Verra Mobility Stock Up 1.2 %

Shares of NASDAQ:VRRM opened at $26.16 on Wednesday. The firm has a fifty day moving average price of $25.36 and a two-hundred day moving average price of $25.67. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 43.60, a PEG ratio of 2.18 and a beta of 1.24. 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 one year low of $20.26 and a one year high of $31.03.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VRRM shares. Robert W. Baird lowered their target price on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Morgan Stanley cut their target price on 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.

Verra Mobility Company 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.