MetLife Investment Management LLC Grows Position in Verra Mobility Co. (NASDAQ:VRRM)

MetLife Investment Management LLC boosted its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,915 shares of the company’s stock after acquiring an additional 1,855 shares during the period. MetLife Investment Management LLC owned 0.06% of Verra Mobility worth $2,368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased 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 worth $56,000 after purchasing an additional 1,640 shares during the last quarter. Avanza Fonder AB bought a new stake in Verra Mobility in the 4th quarter worth approximately $74,000. Aster Capital Management DIFC Ltd increased its stake in Verra Mobility by 585.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company’s stock worth $114,000 after acquiring an additional 4,031 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Verra Mobility during the 4th quarter worth approximately $129,000. Finally, PNC Financial Services Group Inc. increased its position in Verra Mobility by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock worth $154,000 after purchasing an additional 409 shares during the last quarter.

Analyst Ratings Changes

VRRM has been the topic of a number of research reports. Robert W. Baird upgraded shares of Verra Mobility from a “neutral” rating to an “outperform” rating and set a $27.00 target price on the stock in a report on Tuesday, April 22nd. Morgan Stanley reduced their price objective on Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note 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.

Verra Mobility Price Performance

VRRM stock opened at $21.91 on Monday. The stock has a market cap of $3.50 billion, a PE ratio of 36.52, a P/E/G ratio of 2.18 and a beta of 0.91. Verra Mobility Co. has a 12 month low of $19.51 and a 12 month high of $31.03. The company has a 50-day moving average price of $22.13 and a 200 day moving average price of $23.93. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13.

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.