Bradley Foster & Sargent Inc. CT Sells 22,617 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Bradley Foster & Sargent Inc. CT trimmed its position in Verra Mobility Co. (NASDAQ:VRRM) by 34.3% in the 4th quarter, HoldingsChannel reports. The fund owned 43,398 shares of the company’s stock after selling 22,617 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Verra Mobility were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning lifted its holdings in Verra Mobility by 35.2% in the 3rd quarter. Creative Planning now owns 23,410 shares of the company’s stock worth $651,000 after purchasing an additional 6,093 shares in the last quarter. Blue Trust Inc. lifted 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 purchasing an additional 694 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Verra Mobility by 112.4% during the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after purchasing an additional 561 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of Verra Mobility by 5.1% during the third quarter. New York State Teachers Retirement System now owns 63,123 shares of the company’s stock valued at $1,755,000 after purchasing an additional 3,044 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of Verra Mobility by 10.3% in the third quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after purchasing an additional 418 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. 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 report on Friday, November 1st. Finally, Morgan Stanley lowered their price objective on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th.

Verra Mobility Trading Down 0.7 %

Shares of VRRM stock opened at $25.95 on Friday. The company has a market cap of $4.28 billion, a PE ratio of 43.25, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24. Verra Mobility Co. has a 1 year low of $20.26 and a 1 year high of $31.03. The stock’s 50 day simple moving average is $25.28 and its two-hundred day simple moving average is $25.70. 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.