Edgestream Partners L.P. Buys 89,248 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Edgestream Partners L.P. increased its stake in Verra Mobility Co. (NASDAQ:VRRM) by 35.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 342,375 shares of the company’s stock after purchasing an additional 89,248 shares during the quarter. Edgestream Partners L.P. owned approximately 0.21% of Verra Mobility worth $8,279,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Fiera Capital Corp purchased a new position in Verra Mobility during the 3rd quarter valued at about $33,905,000. Wellington Management Group LLP raised its position in shares of Verra Mobility by 13.2% in the third quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock worth $224,310,000 after buying an additional 941,127 shares in the last quarter. State Street Corp boosted its stake in Verra Mobility by 6.0% during the third quarter. State Street Corp now owns 6,301,131 shares of the company’s stock valued at $175,234,000 after buying an additional 357,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Verra Mobility by 23.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,643,241 shares of the company’s stock worth $45,699,000 after buying an additional 313,080 shares in the last quarter. Finally, Braun Stacey Associates Inc. grew its position in Verra Mobility by 148.0% during the third quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company’s stock worth $12,234,000 after buying an additional 262,509 shares in the last quarter.

Verra Mobility Stock Performance

NASDAQ:VRRM opened at $21.24 on Friday. The stock has a market cap of $3.50 billion, a P/E ratio of 35.40, a PEG ratio of 2.18 and a beta of 1.30. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The business’s 50-day moving average price is $25.35 and its two-hundred day moving average price is $25.54. Verra Mobility Co. has a twelve month low of $21.12 and a twelve month high of $31.03.

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.