5,347 Shares in Verra Mobility Co. (NASDAQ:VRRM) Purchased by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI acquired a new stake in shares of Verra Mobility Co. (NASDAQ:VRRM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,347 shares of the company’s stock, valued at approximately $129,000.

Several other institutional investors have also added to or reduced their stakes in the business. Wolverine Asset Management LLC lifted its holdings in Verra Mobility by 106.9% during the fourth quarter. Wolverine Asset Management LLC now owns 12,637 shares of the company’s stock valued at $306,000 after purchasing an additional 196,700 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of 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 in the last quarter. Alberta Investment Management Corp increased its position in shares of Verra Mobility by 61.6% in the fourth quarter. Alberta Investment Management Corp now owns 105,497 shares of the company’s stock worth $2,551,000 after purchasing an additional 40,197 shares during the last quarter. Peregrine Capital Management LLC increased its position in shares of Verra Mobility by 1.8% in the fourth quarter. Peregrine Capital Management LLC now owns 541,289 shares of the company’s stock worth $13,088,000 after purchasing an additional 9,571 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Verra Mobility by 26.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 91,228 shares of the company’s stock worth $2,206,000 after purchasing an additional 19,177 shares during the last quarter.

Verra Mobility Stock Performance

Shares of Verra Mobility stock opened at $26.13 on Friday. 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 firm has a market capitalization of $4.31 billion, a P/E ratio of 43.55, a P/E/G ratio of 2.21 and a beta of 1.24. The business has a fifty day simple moving average of $25.24 and a two-hundred day simple moving average of $25.74. Verra Mobility Co. has a 12 month low of $20.26 and a 12 month high of $31.03.

Analysts Set New Price Targets

A number of research analysts have commented 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 on the stock in a research report on Friday, November 1st. Morgan Stanley dropped 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 dropped their price target 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.

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.