LPL Financial LLC Has $3.67 Million Stake in Verra Mobility Co. (NASDAQ:VRRM)

LPL Financial LLC lifted its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 8.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 151,920 shares of the company’s stock after acquiring an additional 11,772 shares during the period. LPL Financial LLC owned 0.09% of Verra Mobility worth $3,673,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Verition Fund Management LLC bought a new position in shares of Verra Mobility during the 3rd quarter worth about $386,000. Stifel Financial Corp raised its stake in Verra Mobility by 179.2% during the 3rd quarter. Stifel Financial Corp now owns 57,186 shares of the company’s stock worth $1,590,000 after buying an additional 36,705 shares during the period. State Street Corp boosted its holdings in Verra Mobility by 6.0% in the third quarter. State Street Corp now owns 6,301,131 shares of the company’s stock worth $175,234,000 after acquiring an additional 357,078 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new stake in Verra Mobility in the third quarter valued at approximately $857,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Verra Mobility during the third quarter valued at approximately $339,000.

Verra Mobility Price Performance

Shares of NASDAQ VRRM opened at $21.73 on Friday. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 2.18 and a beta of 0.91. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week high of $31.03. The firm’s 50-day simple moving average is $23.12 and its 200 day simple moving average is $24.38.

Analyst Upgrades and Downgrades

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

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.