Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by RiverPark Advisors LLC

RiverPark Advisors LLC trimmed its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 30.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,382 shares of the company’s stock after selling 5,835 shares during the quarter. RiverPark Advisors LLC’s holdings in Verra Mobility were worth $344,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in Verra Mobility by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock worth $154,000 after acquiring an additional 409 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Verra Mobility by 2.5% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,308 shares of the company’s stock worth $443,000 after purchasing an additional 448 shares during the last quarter. Tealwood Asset Management Inc. lifted its stake in Verra Mobility by 1.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company’s stock valued at $1,069,000 after buying an additional 592 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Verra Mobility by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,645 shares of the company’s stock worth $693,000 after buying an additional 725 shares during the last quarter. Finally, Xponance Inc. increased its stake in Verra Mobility by 9.5% during the 4th quarter. Xponance Inc. now owns 11,865 shares of the company’s stock worth $287,000 after buying an additional 1,025 shares in the last quarter.

Wall Street Analysts Forecast Growth

VRRM has been the topic of several research reports. Robert W. Baird upgraded Verra Mobility from a “neutral” rating to an “outperform” rating and set a $27.00 target price on the stock in a research report on Tuesday. Baird R W raised shares of Verra Mobility from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Morgan Stanley lowered their target price on Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, March 27th.

Verra Mobility Trading Up 1.8 %

Shares of VRRM opened at $22.28 on Thursday. Verra Mobility Co. has a 12-month low of $19.51 and a 12-month high of $31.03. The firm has a market capitalization of $3.56 billion, a P/E ratio of 37.13, a P/E/G ratio of 2.18 and a beta of 0.91. The firm has a 50-day moving average price of $22.31 and a 200 day moving average price of $24.04. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13.

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.