Xponance Inc. Boosts Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Xponance Inc. raised its stake in Verra Mobility Co. (NASDAQ:VRRM) by 26.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,535 shares of the company’s stock after purchasing an additional 2,212 shares during the period. Xponance Inc.’s holdings in Verra Mobility were worth $287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Verra Mobility by 1.3% in the first quarter. Vanguard Group Inc. now owns 17,466,733 shares of the company’s stock valued at $436,144,000 after purchasing an additional 231,566 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Verra Mobility by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,427,527 shares of the company’s stock valued at $185,466,000 after purchasing an additional 351,694 shares during the last quarter. Principal Financial Group Inc. grew its stake in Verra Mobility by 3.8% in the first quarter. Principal Financial Group Inc. now owns 3,816,488 shares of the company’s stock valued at $95,298,000 after purchasing an additional 140,471 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in Verra Mobility by 7.0% in the second quarter. Westwood Holdings Group Inc. now owns 3,380,416 shares of the company’s stock valued at $91,947,000 after purchasing an additional 221,385 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Verra Mobility by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,180,519 shares of the company’s stock valued at $86,512,000 after purchasing an additional 193,686 shares during the last quarter.

Verra Mobility Price Performance

Shares of VRRM stock opened at $27.61 on Wednesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 2.47 and a current ratio of 2.57. Verra Mobility Co. has a fifty-two week low of $18.61 and a fifty-two week high of $31.03. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 55.22, a PEG ratio of 1.83 and a beta of 1.27. The stock’s 50-day simple moving average is $27.80 and its 200-day simple moving average is $26.80.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Thursday, August 8th. The company reported $0.31 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $220.32 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue was up 8.8% compared to the same quarter last year. As a group, equities analysts forecast that Verra Mobility Co. will post 1.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on VRRM shares. Deutsche Bank Aktiengesellschaft boosted their price target on Verra Mobility from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. 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.

Verra Mobility Company 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.