Renaissance Group LLC Boosts Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Renaissance Group LLC increased its position in shares of Verra Mobility Co. (NASDAQ:VRRM) by 39.8% during the 4th quarter, Holdings Channel reports. The firm owned 190,348 shares of the company’s stock after purchasing an additional 54,196 shares during the quarter. Renaissance Group LLC’s holdings in Verra Mobility were worth $4,603,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Verra Mobility by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company’s stock worth $425,861,000 after buying an additional 159,348 shares during the last quarter. Wellington Management Group LLP increased its position in Verra Mobility by 13.2% in the third quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock worth $224,310,000 after buying an additional 941,127 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 acquiring an additional 36,585 shares during the period. State Street Corp raised its stake in Verra Mobility by 6.0% in the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company’s stock valued at $175,234,000 after acquiring an additional 357,078 shares during the period. Finally, Handelsbanken Fonder AB boosted its position in Verra Mobility by 5.0% during the fourth quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company’s stock worth $101,938,000 after purchasing an additional 200,000 shares during the period.

Analyst Upgrades and Downgrades

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

Verra Mobility Stock Performance

Verra Mobility stock opened at $21.69 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a 1-year low of $19.51 and a 1-year high of $31.03. The firm has a market capitalization of $3.46 billion, a PE ratio of 36.15, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. The firm’s 50 day simple moving average is $23.60 and its 200 day simple moving average is $24.55.

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.