Jupiter Asset Management Ltd. Decreases Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Jupiter Asset Management Ltd. trimmed its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 52.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 426,968 shares of the company’s stock after selling 464,562 shares during the period. Jupiter Asset Management Ltd.’s holdings in Verra Mobility were worth $10,324,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of Verra Mobility by 13.2% in the third quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock worth $224,310,000 after buying an additional 941,127 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Verra Mobility by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock worth $179,743,000 after buying an additional 36,585 shares in the last quarter. State Street Corp lifted its stake in shares of Verra Mobility by 6.0% in the third quarter. State Street Corp now owns 6,301,131 shares of the company’s stock worth $175,234,000 after buying an additional 357,078 shares in the last quarter. Handelsbanken Fonder AB lifted its stake 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. 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.

Verra Mobility Stock Performance

NASDAQ:VRRM opened at $19.76 on Thursday. The company’s 50-day moving average price is $24.99 and its 200-day moving average price is $25.29. 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 $3.26 billion, a P/E ratio of 32.93, a P/E/G ratio of 2.18 and a beta of 1.30. Verra Mobility Co. has a twelve month low of $19.51 and a twelve month high of $31.03.

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.