Verra Mobility Co. (NASDAQ:VRRM) Shares Bought by Alberta Investment Management Corp

Alberta Investment Management Corp raised its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 61.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,497 shares of the company’s stock after purchasing an additional 40,197 shares during the period. Alberta Investment Management Corp owned 0.06% of Verra Mobility worth $2,551,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VRRM. Signaturefd LLC increased its position in Verra Mobility by 112.4% during the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after buying an additional 561 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Verra Mobility by 192.0% during the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock worth $32,000 after acquiring an additional 745 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Verra Mobility during the fourth quarter valued at about $74,000. Blue Trust Inc. increased its holdings in shares of Verra Mobility by 27.5% during the third quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock valued at $88,000 after acquiring an additional 694 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Verra Mobility by 10.3% in the 3rd 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 last quarter.

Verra Mobility Price Performance

Shares of NASDAQ:VRRM opened at $26.13 on Friday. Verra Mobility Co. has a twelve month low of $20.26 and a twelve 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. The company has a market cap of $4.31 billion, a PE ratio of 43.55, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. The company’s 50 day moving average is $25.24 and its 200 day moving average is $25.74.

Analyst Upgrades and Downgrades

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

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.