Verra Mobility Co. (NASDAQ:VRRM) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in Verra Mobility Co. (NASDAQ:VRRM) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,719,661 shares of the company’s stock after buying an additional 37,131 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.04% of Verra Mobility worth $47,824,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VRRM. Fiera Capital Corp acquired a new position in shares of Verra Mobility in the 3rd quarter valued at $33,905,000. New York State Common Retirement Fund lifted its holdings in shares of Verra Mobility by 62.9% in the third quarter. New York State Common Retirement Fund now owns 1,152,330 shares of the company’s stock valued at $32,046,000 after purchasing an additional 444,911 shares in the last quarter. Summit Creek Advisors LLC acquired a new stake in shares of Verra Mobility in the second quarter worth $10,370,000. Harbor Capital Advisors Inc. grew its holdings in shares of Verra Mobility by 149.8% during the third quarter. Harbor Capital Advisors Inc. now owns 605,851 shares of the company’s stock valued at $16,849,000 after buying an additional 363,357 shares in the last quarter. Finally, Braun Stacey Associates Inc. raised 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 valued at $12,234,000 after buying an additional 262,509 shares during the period.

Verra Mobility Stock Up 0.4 %

NASDAQ VRRM opened at $23.66 on Monday. Verra Mobility Co. has a twelve month low of $19.94 and a twelve month high of $31.03. The stock has a market cap of $3.90 billion, a PE ratio of 39.43, a PEG ratio of 2.11 and a beta of 1.27. The firm has a 50-day simple moving average of $25.50 and a 200 day simple moving average of $26.88. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates of $0.32. The company had revenue of $225.55 million during the quarter, compared to the consensus estimate of $226.65 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. On average, research analysts forecast that Verra Mobility Co. will post 1.08 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on VRRM. Morgan Stanley decreased their price objective on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Robert W. Baird decreased their price target on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, November 1st.

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.