Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. trimmed its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 20.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,443,099 shares of the company’s stock after selling 371,243 shares during the quarter. Franklin Resources Inc. owned approximately 0.88% of Verra Mobility worth $34,894,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its holdings in shares of Verra Mobility by 245.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock valued at $56,000 after buying an additional 1,640 shares during the last quarter. Avanza Fonder AB acquired a new position in Verra Mobility in the 4th quarter valued at about $74,000. Arcadia Investment Management Corp MI purchased a new stake in Verra Mobility during the 4th quarter valued at approximately $129,000. PNC Financial Services Group Inc. lifted its position in Verra Mobility by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock worth $154,000 after acquiring an additional 409 shares during the period. Finally, KBC Group NV grew its stake in shares of Verra Mobility by 61.9% in the 4th quarter. KBC Group NV now owns 7,090 shares of the company’s stock valued at $171,000 after purchasing an additional 2,710 shares during the last quarter.

Verra Mobility Stock Performance

Shares of VRRM opened at $22.39 on Friday. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a 52-week low of $19.51 and a 52-week high of $31.03. The company has a 50-day simple moving average of $23.71 and a 200-day simple moving average of $24.61. The company has a market capitalization of $3.57 billion, a PE ratio of 37.32, a P/E/G ratio of 2.18 and a beta of 0.91.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley decreased 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.

Verra Mobility 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.