Bradley Foster & Sargent Inc. CT Cuts Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Bradley Foster & Sargent Inc. CT decreased its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 34.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,398 shares of the company’s stock after selling 22,617 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Verra Mobility were worth $1,049,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in VRRM. Wellington Management Group LLP increased its holdings in shares of Verra Mobility by 13.2% during the third quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock valued at $224,310,000 after acquiring an additional 941,127 shares in the last quarter. JPMorgan Chase & Co. grew its position in Verra Mobility by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock valued at $179,743,000 after purchasing an additional 36,585 shares during the last quarter. State Street Corp increased its stake in Verra Mobility by 6.0% during the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company’s stock valued at $175,234,000 after purchasing an additional 357,078 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in Verra Mobility by 5.0% in the fourth quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company’s stock worth $101,938,000 after buying an additional 200,000 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Verra Mobility by 0.5% in the third quarter. Geode Capital Management LLC now owns 3,904,750 shares of the company’s stock worth $108,612,000 after buying an additional 17,688 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price target 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. Morgan Stanley decreased their price target 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. Finally, Robert W. Baird decreased their target price on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, November 1st.

Verra Mobility Trading Down 0.7 %

NASDAQ:VRRM opened at $25.95 on Friday. The company has a market cap of $4.28 billion, a PE ratio of 43.25, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24. 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 50 day simple moving average of $25.28 and a two-hundred day simple moving average of $25.70. Verra Mobility Co. has a 12 month low of $20.26 and a 12 month 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.