Verra Mobility Co. (NASDAQ:VRRM) Position Trimmed by Legato Capital Management LLC

Legato Capital Management LLC trimmed its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,768 shares of the company’s stock after selling 1,364 shares during the period. Legato Capital Management LLC’s holdings in Verra Mobility were worth $478,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Creative Planning boosted its stake 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 during the period. Blue Trust Inc. boosted 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 during the period. Signaturefd LLC boosted its stake in Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after purchasing an additional 561 shares during the period. New York State Teachers Retirement System boosted its stake in Verra Mobility by 5.1% in the 3rd quarter. New York State Teachers Retirement System now owns 63,123 shares of the company’s stock worth $1,755,000 after purchasing an additional 3,044 shares during the period. Finally, US Bancorp DE boosted its stake in Verra Mobility by 10.3% in the 3rd 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 period.

Analyst Upgrades and Downgrades

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

Verra Mobility Trading Down 0.9 %

Shares of NASDAQ:VRRM opened at $26.33 on Friday. The firm has a fifty day moving average of $25.03 and a two-hundred day moving average of $25.84. The firm has a market capitalization of $4.34 billion, a P/E ratio of 43.88, a price-to-earnings-growth ratio of 2.16 and a beta of 1.24. Verra Mobility Co. has a 12-month low of $20.26 and a 12-month high of $31.03. 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 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.