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

Blue Trust Inc. reduced its position in Verra Mobility Co. (NASDAQ:VRRM) by 27.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,326 shares of the company’s stock after selling 893 shares during the quarter. Blue Trust Inc.’s holdings in Verra Mobility were worth $56,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Signaturefd LLC lifted its position in Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after buying an additional 561 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Verra Mobility by 192.0% during the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock worth $32,000 after acquiring an additional 745 shares in the last quarter. Avanza Fonder AB bought a new stake in shares of Verra Mobility in the 4th quarter worth approximately $74,000. US Bancorp DE boosted its stake 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 valued at $125,000 after purchasing an additional 418 shares in the last quarter. Finally, KBC Group NV grew its holdings 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 purchasing an additional 2,710 shares during the last quarter.

Verra Mobility Trading Up 1.2 %

NASDAQ:VRRM opened at $26.16 on Wednesday. The firm has a market capitalization of $4.31 billion, a P/E ratio of 43.60, a P/E/G ratio of 2.18 and a beta of 1.24. Verra Mobility Co. has a 52 week low of $20.26 and a 52 week high of $31.03. 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 fifty day moving average of $25.36 and a 200 day moving average of $25.67.

Wall Street Analyst Weigh In

Several research firms have weighed in on VRRM. Robert W. Baird lowered their price target on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Morgan Stanley lowered 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. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a report on Friday, November 1st.

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.