Bank of Montreal Can Buys 1,915 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Bank of Montreal Can grew its stake in Verra Mobility Co. (NASDAQ:VRRM) by 10.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,938 shares of the company’s stock after purchasing an additional 1,915 shares during the period. Bank of Montreal Can’s holdings in Verra Mobility were worth $506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its stake in shares of Verra Mobility by 245.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock valued at $56,000 after buying an additional 1,640 shares during the last quarter. Avanza Fonder AB purchased a new stake in Verra Mobility in the fourth quarter worth $74,000. Aster Capital Management DIFC Ltd lifted its position in shares of Verra Mobility by 585.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company’s stock worth $114,000 after purchasing an additional 4,031 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Verra Mobility during the fourth quarter valued at $129,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Verra Mobility by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock worth $154,000 after purchasing an additional 409 shares during the last quarter.

Verra Mobility Stock Performance

Shares of Verra Mobility stock opened at $20.99 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. The stock’s fifty day moving average price is $22.49 and its 200-day moving average price is $24.07. The firm has a market cap of $3.35 billion, a P/E ratio of 34.98, a P/E/G ratio of 2.18 and a beta of 0.91. Verra Mobility Co. has a 12 month low of $19.51 and a 12 month high of $31.03.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley lowered 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 research report 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.