Barclays PLC Has $7.28 Million Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Barclays PLC grew its position in Verra Mobility Co. (NASDAQ:VRRM) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 301,154 shares of the company’s stock after purchasing an additional 6,697 shares during the period. Barclays PLC owned about 0.18% of Verra Mobility worth $7,283,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. increased its holdings in Verra Mobility by 2,915.3% in the fourth quarter. American Century Companies Inc. now owns 2,086,049 shares of the company’s stock worth $50,441,000 after buying an additional 2,016,866 shares during the last quarter. Norges Bank acquired a new position in shares of Verra Mobility during the 4th quarter worth $46,156,000. Schroder Investment Management Group raised its holdings in shares of Verra Mobility by 46.6% during the 4th quarter. Schroder Investment Management Group now owns 969,338 shares of the company’s stock valued at $23,361,000 after purchasing an additional 308,187 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in shares of Verra Mobility by 17.9% in the 4th quarter. DAVENPORT & Co LLC now owns 1,603,342 shares of the company’s stock valued at $38,641,000 after purchasing an additional 243,723 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Verra Mobility by 6.4% in the third quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company’s stock worth $104,464,000 after purchasing an additional 225,585 shares in the last quarter.

Verra Mobility Trading Down 0.7 %

Shares of NASDAQ:VRRM opened at $22.09 on Friday. 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 stock’s 50-day moving average is $22.23 and its 200-day moving average is $24.01. The company has a market cap of $3.53 billion, a P/E ratio of 36.82, a P/E/G ratio of 2.18 and a beta of 0.91. Verra Mobility Co. has a 52-week low of $19.51 and a 52-week high of $31.03.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on VRRM shares. Morgan Stanley cut their target price on Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Thursday, March 27th. Baird R W upgraded Verra Mobility from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Robert W. Baird upgraded Verra Mobility from a “neutral” rating to an “outperform” rating and set a $27.00 price target on the stock in a report on Tuesday.

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.