Legal & General Group Plc Sells 6,973 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Legal & General Group Plc lowered its position in shares of Verra Mobility Co. (NASDAQ:VRRM) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 471,625 shares of the company’s stock after selling 6,973 shares during the period. Legal & General Group Plc owned 0.29% of Verra Mobility worth $11,404,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Verra Mobility by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock worth $179,743,000 after buying an additional 36,585 shares during the period. Barclays PLC grew its stake in shares of Verra Mobility by 400.2% in the third quarter. Barclays PLC now owns 294,457 shares of the company’s stock valued at $8,189,000 after acquiring an additional 235,589 shares in the last quarter. Stifel Financial Corp increased its position in Verra Mobility by 179.2% during the third quarter. Stifel Financial Corp now owns 57,186 shares of the company’s stock worth $1,590,000 after acquiring an additional 36,705 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Verra Mobility in the 4th quarter worth about $2,348,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Verra Mobility by 245.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock valued at $56,000 after purchasing an additional 1,640 shares during the period.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lowered their target price 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 Stock Up 0.4 %

VRRM stock opened at $21.40 on Thursday. Verra Mobility Co. has a 52 week low of $19.51 and a 52 week high of $31.03. The business has a 50-day simple moving average of $22.78 and a 200 day simple moving average of $24.24. 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 $3.42 billion, a PE ratio of 35.67, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91.

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.