Wells Fargo & Company MN Has $4.78 Million Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Wells Fargo & Company MN boosted its position in Verra Mobility Co. (NASDAQ:VRRM) by 7.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 197,604 shares of the company’s stock after acquiring an additional 13,236 shares during the period. Wells Fargo & Company MN owned 0.12% of Verra Mobility worth $4,778,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in VRRM. Smartleaf Asset Management LLC lifted its holdings in shares of Verra Mobility by 245.1% in the fourth 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 in the last quarter. Avanza Fonder AB purchased a new stake in Verra Mobility in the 4th quarter valued at $74,000. Arcadia Investment Management Corp MI bought a new position in Verra Mobility during the 4th quarter valued at $129,000. PNC Financial Services Group Inc. boosted its holdings in Verra Mobility by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock worth $154,000 after acquiring an additional 409 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Verra Mobility by 61.9% in the fourth 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 Price Performance

Verra Mobility stock opened at $21.31 on Monday. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The business’s 50 day simple moving average is $22.59 and its 200 day simple moving average is $24.11. Verra Mobility Co. has a 12 month low of $19.51 and a 12 month high of $31.03. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 35.52, a PEG ratio of 2.18 and a beta of 0.91.

Analyst Ratings Changes

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 research note on Thursday, March 27th.

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.