Union Bancaire Privee UBP SA Takes Position in Verra Mobility Co. (NASDAQ:VRRM)

Union Bancaire Privee UBP SA purchased a new stake in shares of Verra Mobility Co. (NASDAQ:VRRM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 97,432 shares of the company’s stock, valued at approximately $2,348,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Fiera Capital Corp bought a new position in Verra Mobility in the 3rd quarter worth $33,905,000. Wellington Management Group LLP raised its holdings in Verra Mobility by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock worth $224,310,000 after purchasing an additional 941,127 shares during the period. New York State Common Retirement Fund raised its holdings in Verra Mobility by 62.9% in the 3rd quarter. New York State Common Retirement Fund now owns 1,152,330 shares of the company’s stock worth $32,046,000 after purchasing an additional 444,911 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Verra Mobility by 149.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 605,851 shares of the company’s stock worth $16,849,000 after purchasing an additional 363,357 shares during the period. Finally, State Street Corp raised its holdings in Verra Mobility by 6.0% in the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company’s stock worth $175,234,000 after purchasing an additional 357,078 shares during the period.

Verra Mobility Trading Down 0.7 %

Shares of VRRM stock opened at $25.95 on Monday. Verra Mobility Co. has a 52-week low of $20.26 and a 52-week high of $31.03. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The firm has a market capitalization of $4.28 billion, a PE ratio of 43.25, a PEG ratio of 2.18 and a beta of 1.24. The stock has a fifty day simple moving average of $25.28 and a two-hundred day simple moving average of $25.69.

Analyst Upgrades and Downgrades

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

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.