WCM Investment Management LLC Decreases Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

WCM Investment Management LLC trimmed its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,960,334 shares of the company’s stock after selling 94,672 shares during the quarter. WCM Investment Management LLC owned approximately 1.19% of Verra Mobility worth $47,244,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in VRRM. Signaturefd LLC grew its position in Verra Mobility by 112.4% during the third quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $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% in the third 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 bought a new position in shares of Verra Mobility in the fourth quarter worth approximately $74,000. Blue Trust Inc. boosted its position in shares of Verra Mobility by 27.5% in the third quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after purchasing an additional 694 shares during the period. Finally, US Bancorp DE boosted its position in shares of Verra Mobility by 10.3% in the third quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after purchasing an additional 418 shares during the period.

Wall Street Analyst Weigh In

VRRM has been the subject of a number of recent analyst reports. Robert W. Baird dropped their price target on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Morgan Stanley dropped their target price on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, November 1st.

Verra Mobility Price Performance

Shares of NASDAQ:VRRM opened at $25.78 on Friday. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 42.97, a P/E/G ratio of 2.16 and a beta of 1.24. The firm has a fifty day moving average price of $24.78 and a 200 day moving average price of $25.95. 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 $20.26 and a fifty-two week high of $31.03.

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.