Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Choreo LLC

Choreo LLC cut its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 12.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,022 shares of the company’s stock after selling 5,595 shares during the quarter. Choreo LLC’s holdings in Verra Mobility were worth $940,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Signaturefd LLC boosted its stake in Verra Mobility by 112.4% during the third quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after buying an additional 561 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Verra Mobility by 192.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock worth $32,000 after purchasing an additional 745 shares during the period. Avanza Fonder AB purchased a new position in shares of Verra Mobility during the 4th quarter worth approximately $74,000. Blue Trust Inc. increased its holdings in Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock valued at $88,000 after purchasing an additional 694 shares during the last quarter. Finally, US Bancorp DE raised its position in Verra Mobility by 10.3% in the third quarter. US Bancorp DE now owns 4,478 shares of the company’s stock valued at $125,000 after purchasing an additional 418 shares during the period.

Verra Mobility Stock Down 0.4 %

Shares of NASDAQ VRRM opened at $25.78 on Monday. The stock has a market cap of $4.25 billion, a P/E ratio of 42.97, a PEG ratio of 2.16 and a beta of 1.24. The business’s fifty day simple moving average is $24.78 and its 200-day simple moving average is $25.92. Verra Mobility Co. has a 12-month low of $20.26 and a 12-month high of $31.03. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VRRM. Robert W. Baird dropped their price objective on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their target price on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Morgan Stanley reduced their price target on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th.

Verra Mobility 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.