Harber Asset Management LLC lowered its stake in Verra Mobility Co. (NASDAQ:VRRM – Get Rating) by 19.4% during the 1st quarter, Holdings Channel reports. The firm owned 697,823 shares of the company's stock after selling 168,034 shares during the quarter. Verra Mobility makes up about 2.9% of Harber Asset Management LLC's holdings, making the stock its 18th biggest position. Harber Asset Management LLC's holdings in Verra Mobility were worth $11,361,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also bought and sold shares of VRRM. Darlington Partners Capital Management LP purchased a new stake in Verra Mobility in the 4th quarter worth $166,947,000. Handelsbanken Fonder AB increased its holdings in shares of Verra Mobility by 260.7% in the 1st quarter. Handelsbanken Fonder AB now owns 2,933,800 shares of the company's stock worth $47,762,000 after buying an additional 2,120,351 shares during the last quarter. Blue Grotto Capital LLC bought a new stake in shares of Verra Mobility in the 1st quarter worth about $20,964,000. Federated Hermes Inc. bought a new stake in shares of Verra Mobility in the 1st quarter worth about $13,975,000. Finally, Wilson Asset Management International PTY Ltd. bought a new stake in shares of Verra Mobility in the 1st quarter worth about $10,935,000.
Get Verra Mobility alerts:Verra Mobility Trading Up 3.0 %
VRRM stock traded up $0.49 during mid-day trading on Monday, reaching $16.89. The company had a trading volume of 24,898 shares, compared to its average volume of 995,277. The company has a market capitalization of $2.59 billion, a PE ratio of 34.89 and a beta of 1.22. The firm has a 50 day moving average of $16.28 and a 200 day moving average of $15.79. Verra Mobility Co. has a 12 month low of $12.70 and a 12 month high of $18.13. The company has a debt-to-equity ratio of 4.93, a current ratio of 2.10 and a quick ratio of 2.00.
Analyst Ratings Changes
A number of research firms have recently weighed in on VRRM. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Verra Mobility from $18.00 to $19.00 in a report on Wednesday, July 20th. TheStreet upgraded shares of Verra Mobility from a "c+" rating to a "b" rating in a report on Tuesday, August 16th. Robert W. Baird downgraded shares of Verra Mobility from an "outperform" rating to a "neutral" rating and set a $18.00 price target on the stock. in a report on Wednesday, July 13th. Finally, Morgan Stanley upped their price target on shares of Verra Mobility from $16.00 to $17.00 and gave the company an "equal weight" rating in a report on Thursday, August 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $18.80.Verra Mobility Company Profile
(Get Rating)
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 Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs, which detects and process traffic violations related to red light, speed, school bus, and city bus lanes.
Featured Articles
- Get a free copy of the StockNews.com research report on Verra Mobility (VRRM)
- This Is What To Expect From The Q3 Earnings Reporting Season
- 3 Biotech Stocks Gaining Momentum
- Can Electronic Arts Buck the Downturn in Videogaming?
- Dollar General is the Big Fish in Little Ponds Across the U.S.
- Here's Why the CPI Report will Dictate the Market Bottom
Want to see what other hedge funds are holding VRRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verra Mobility Co. (NASDAQ:VRRM – Get Rating).
Receive News & Ratings for Verra Mobility Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verra Mobility and related companies with MarketBeat.com's FREE daily email newsletter.