Verra Mobility Co. (NASDAQ:VRRM) Shares Bought by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. boosted its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 7.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,380,416 shares of the company’s stock after purchasing an additional 221,385 shares during the period. Westwood Holdings Group Inc. owned about 2.03% of Verra Mobility worth $91,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas acquired a new position in shares of Verra Mobility in the fourth quarter worth $371,000. Jump Financial LLC acquired a new stake in Verra Mobility in the fourth quarter valued at $334,000. Dimensional Fund Advisors LP lifted its stake in Verra Mobility by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,953,696 shares of the company’s stock valued at $68,024,000 after buying an additional 189,492 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Verra Mobility by 99.5% during the 4th quarter. Quadrant Capital Group LLC now owns 3,081 shares of the company’s stock worth $71,000 after purchasing an additional 1,537 shares during the last quarter. Finally, Brown Advisory Inc. acquired a new position in Verra Mobility in the fourth quarter valued at $853,000.

Verra Mobility Trading Up 0.3 %

Shares of NASDAQ:VRRM opened at $27.80 on Friday. The stock has a market capitalization of $4.63 billion, a PE ratio of 55.60, a P/E/G ratio of 1.77 and a beta of 1.27. The firm has a fifty day moving average price of $28.17 and a 200 day moving average price of $26.50. Verra Mobility Co. has a 1 year low of $18.49 and a 1 year high of $31.03. The company has a current ratio of 2.57, a quick ratio of 2.47 and a debt-to-equity ratio of 2.36.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Morgan Stanley boosted their price target on Verra Mobility from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lifted their target price on Verra Mobility from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 9th.

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.