Verra Mobility Co. (NASDAQ:VRRM) Shares Bought by Citigroup Inc.

Citigroup Inc. raised its position in Verra Mobility Co. (NASDAQ:VRRM) by 73.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 222,910 shares of the company’s stock after acquiring an additional 94,073 shares during the period. Citigroup Inc. owned approximately 0.14% of Verra Mobility worth $6,199,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in VRRM. Crossmark Global Holdings Inc. raised its holdings in Verra Mobility by 1.5% during the second quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company’s stock worth $742,000 after purchasing an additional 391 shares in the last quarter. US Bancorp DE raised its stake in shares of Verra Mobility by 10.3% during the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after buying an additional 418 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after buying an additional 561 shares during the period. RiverPark Advisors LLC lifted its holdings in shares of Verra Mobility by 3.5% in the 3rd quarter. RiverPark Advisors LLC now owns 19,217 shares of the company’s stock valued at $534,000 after buying an additional 642 shares during the period. Finally, Blue Trust Inc. grew its holdings in Verra Mobility by 27.5% during the third quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after acquiring an additional 694 shares during the period.

Verra Mobility Stock Up 0.4 %

Verra Mobility stock opened at $23.66 on Monday. Verra Mobility Co. has a fifty-two week low of $19.94 and a fifty-two week high of $31.03. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The stock’s fifty day moving average is $25.50 and its two-hundred day moving average is $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 issued its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm had revenue of $225.55 million for the quarter, compared to analysts’ expectations of $226.65 million. During the same period in the prior year, the company earned $0.27 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. Analysts predict that Verra Mobility Co. will post 1.08 EPS for the current fiscal year.

Analysts Set New Price Targets

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