Quest Partners LLC Purchases 953 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Quest Partners LLC increased its position in shares of Verra Mobility Co. (NASDAQ:VRRM) by 1,732.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,008 shares of the company’s stock after acquiring an additional 953 shares during the period. Quest Partners LLC’s holdings in Verra Mobility were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Summit Creek Advisors LLC bought a new stake in Verra Mobility during the second quarter worth $10,370,000. Arizona State Retirement System lifted its position in shares of Verra Mobility by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 44,285 shares of the company’s stock worth $1,205,000 after buying an additional 864 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Verra Mobility by 6.1% during the 2nd quarter. Rhumbline Advisers now owns 460,545 shares of the company’s stock worth $12,527,000 after buying an additional 26,404 shares during the last quarter. Guidance Capital Inc. boosted its stake in Verra Mobility by 6.5% in the second quarter. Guidance Capital Inc. now owns 20,630 shares of the company’s stock valued at $622,000 after buying an additional 1,259 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in Verra Mobility by 9.1% in the second quarter. Natixis Advisors LLC now owns 11,774 shares of the company’s stock valued at $320,000 after acquiring an additional 983 shares during the last quarter.

Verra Mobility Trading Up 0.3 %

NASDAQ VRRM opened at $27.80 on Friday. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 55.60, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. Verra Mobility Co. has a twelve month low of $18.49 and a twelve month high of $31.03. The company has a quick ratio of 2.47, a current ratio of 2.57 and a debt-to-equity ratio of 2.36. The business’s fifty day moving average is $28.18 and its 200 day moving average is $26.46.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Verra Mobility had a return on equity of 39.89% and a net margin of 11.34%. The firm had revenue of $222.43 million for the quarter, compared to analyst estimates of $220.32 million. During the same period last year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, sell-side analysts expect that Verra Mobility Co. will post 1.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on VRRM shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Verra Mobility from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Morgan Stanley increased their price objective on shares of Verra Mobility from $22.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 6th.

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.