Handelsbanken Fonder AB Increases Position in Verra Mobility Co. (NASDAQ:VRRM)

Handelsbanken Fonder AB boosted its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,215,800 shares of the company’s stock after purchasing an additional 200,000 shares during the quarter. Handelsbanken Fonder AB owned approximately 2.56% of Verra Mobility worth $101,938,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of VRRM. US Bancorp DE grew its position in 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 acquiring an additional 418 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Verra Mobility by 112.4% in the third quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after purchasing an additional 561 shares in the last quarter. Tealwood Asset Management Inc. lifted its holdings in Verra Mobility by 1.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company’s stock worth $1,069,000 after buying an additional 592 shares in the last quarter. RiverPark Advisors LLC boosted its position in Verra Mobility by 3.5% in the 3rd quarter. RiverPark Advisors LLC now owns 19,217 shares of the company’s stock valued at $534,000 after buying an additional 642 shares during the period. Finally, Blue Trust Inc. grew its stake in Verra Mobility by 27.5% during the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after purchasing an additional 694 shares in the last quarter.

Verra Mobility Stock Down 0.4 %

VRRM opened at $26.45 on Thursday. The business has a 50 day simple moving average of $25.20 and a 200-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. The stock has a market capitalization of $4.36 billion, a P/E ratio of 44.08, a P/E/G ratio of 2.20 and a beta of 1.24. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on VRRM shares. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Robert W. Baird lowered their price objective 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. Finally, Morgan Stanley cut their target price on 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.