Cornerstone Investment Partners LLC Has $503,000 Stake in Verra Mobility Co. (NASDAQ:VRRM)

Cornerstone Investment Partners LLC lifted its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 39.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,818 shares of the company’s stock after purchasing an additional 5,871 shares during the period. Cornerstone Investment Partners LLC’s holdings in Verra Mobility were worth $503,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of VRRM. Fiera Capital Corp acquired a new position in Verra Mobility in the third quarter valued at approximately $33,905,000. Wellington Management Group LLP lifted its holdings in Verra Mobility by 13.2% in the third quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock valued at $224,310,000 after buying an additional 941,127 shares during the period. State Street Corp lifted its holdings in Verra Mobility by 6.0% in the third quarter. State Street Corp now owns 6,301,131 shares of the company’s stock valued at $175,234,000 after buying an additional 357,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Verra Mobility by 23.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,643,241 shares of the company’s stock valued at $45,699,000 after buying an additional 313,080 shares during the period. Finally, Braun Stacey Associates Inc. lifted its holdings in Verra Mobility by 148.0% in the third quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company’s stock valued at $12,234,000 after buying an additional 262,509 shares during the period.

Verra Mobility Trading Up 0.3 %

Shares of NASDAQ VRRM opened at $22.96 on Tuesday. The company’s 50 day simple moving average is $25.42 and its 200 day simple moving average is $25.60. Verra Mobility Co. has a fifty-two week low of $21.29 and a fifty-two week high of $31.03. The firm has a market capitalization of $3.78 billion, a P/E ratio of 38.27, a P/E/G ratio of 2.18 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.

About Verra Mobility

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.