WCM Investment Management LLC Trims Stake in Verra Mobility Co. (NASDAQ:VRRM)

WCM Investment Management LLC lowered its position in Verra Mobility Co. (NASDAQ:VRRM) by 4.6% during the 4th quarter, HoldingsChannel reports. The fund owned 1,960,334 shares of the company’s stock after selling 94,672 shares during the period. WCM Investment Management LLC’s holdings in Verra Mobility were worth $47,244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC increased its stake in Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after buying an additional 561 shares during the period. First Horizon Advisors Inc. increased its stake in Verra Mobility by 192.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock worth $32,000 after buying an additional 745 shares during the period. Avanza Fonder AB purchased a new position in Verra Mobility in the 4th quarter worth about $74,000. Blue Trust Inc. increased its stake in Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after buying an additional 694 shares during the period. Finally, US Bancorp DE increased its stake in Verra Mobility by 10.3% in the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after buying an additional 418 shares during the period.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Robert W. Baird reduced their price target on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Morgan Stanley reduced their price target on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, November 1st.

Verra Mobility Stock Down 0.4 %

Shares of Verra Mobility stock opened at $25.78 on Friday. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility Co. has a 1 year low of $20.26 and a 1 year high of $31.03. The firm’s 50-day moving average is $24.78 and its two-hundred day moving average is $25.95. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 2.16 and a beta of 1.24.

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.