LPL Financial LLC Acquires 11,772 Shares of Verra Mobility Co. (NASDAQ:VRRM)

LPL Financial LLC lifted its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 8.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,920 shares of the company’s stock after acquiring an additional 11,772 shares during the quarter. LPL Financial LLC’s holdings in Verra Mobility were worth $3,673,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of VRRM. PNC Financial Services Group Inc. increased its position in shares of Verra Mobility by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock valued at $154,000 after purchasing an additional 409 shares during the last quarter. Tealwood Asset Management Inc. increased its holdings in Verra Mobility by 1.4% during the fourth quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company’s stock worth $1,069,000 after buying an additional 592 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Verra Mobility by 2.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 28,645 shares of the company’s stock worth $693,000 after acquiring an additional 725 shares during the period. Xponance Inc. boosted its stake in Verra Mobility by 9.5% in the fourth quarter. Xponance Inc. now owns 11,865 shares of the company’s stock valued at $287,000 after acquiring an additional 1,025 shares during the last quarter. Finally, Royce & Associates LP grew its position in shares of Verra Mobility by 3.2% during the 4th quarter. Royce & Associates LP now owns 49,620 shares of the company’s stock valued at $1,200,000 after acquiring an additional 1,542 shares during the period.

Wall Street Analysts Forecast Growth

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

Verra Mobility Price Performance

NASDAQ VRRM opened at $21.73 on Friday. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The company has a market cap of $3.47 billion, a PE ratio of 36.22, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. Verra Mobility Co. has a 52 week low of $19.51 and a 52 week high of $31.03. The firm’s 50-day simple moving average is $23.12 and its two-hundred day simple moving average is $24.38.

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.