Mariner LLC Acquires 3,772 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Mariner LLC grew its stake in Verra Mobility Co. (NASDAQ:VRRM) by 9.0% during the 4th quarter, HoldingsChannel reports. The firm owned 45,785 shares of the company’s stock after acquiring an additional 3,772 shares during the quarter. Mariner LLC’s holdings in Verra Mobility were worth $1,107,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of VRRM. JPMorgan Chase & Co. grew its position in Verra Mobility by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock valued at $179,743,000 after acquiring an additional 36,585 shares during the period. Barclays PLC grew its holdings in shares of Verra Mobility by 400.2% in the 3rd quarter. Barclays PLC now owns 294,457 shares of the company’s stock worth $8,189,000 after purchasing an additional 235,589 shares during the last quarter. LPL Financial LLC increased its position in shares of Verra Mobility by 8.4% during the 4th quarter. LPL Financial LLC now owns 151,920 shares of the company’s stock worth $3,673,000 after purchasing an additional 11,772 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Verra Mobility during the 4th quarter valued at about $2,348,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock valued at $56,000 after purchasing an additional 1,640 shares during the last quarter.

Verra Mobility Stock Performance

Shares of Verra Mobility stock opened at $21.91 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. The firm has a 50 day simple moving average of $22.13 and a 200 day simple moving average of $23.95. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week high of $31.03. The firm has a market cap of $3.50 billion, a P/E ratio of 36.52, a P/E/G ratio of 2.18 and a beta of 0.91.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VRRM shares. Robert W. Baird raised shares of Verra Mobility from a “neutral” rating to an “outperform” rating and set a $27.00 price objective for the company in a report on Tuesday, April 22nd. Morgan Stanley dropped their price target on Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Finally, Baird R W raised Verra Mobility from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd.

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.