Verra Mobility Co. (NASDAQ:VRRM) Position Increased by Stifel Financial Corp

Stifel Financial Corp lifted its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 179.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 57,186 shares of the company’s stock after buying an additional 36,705 shares during the quarter. Stifel Financial Corp’s holdings in Verra Mobility were worth $1,590,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Integrated Wealth Concepts LLC raised its stake in Verra Mobility by 3.1% during the third quarter. Integrated Wealth Concepts LLC now owns 27,813 shares of the company’s stock worth $774,000 after acquiring an additional 844 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Verra Mobility during the 3rd quarter worth approximately $7,039,000. Verition Fund Management LLC bought a new stake in shares of Verra Mobility in the 3rd quarter worth approximately $386,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Verra Mobility by 23.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,643,241 shares of the company’s stock worth $45,699,000 after purchasing an additional 313,080 shares during the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in Verra Mobility during the 3rd quarter valued at approximately $910,000.

Analysts Set New Price Targets

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

Verra Mobility Trading Up 0.1 %

Shares of VRRM opened at $23.66 on Friday. The business’s 50-day moving average price is $24.48 and its 200 day moving average price is $26.55. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The stock has a market capitalization of $3.90 billion, a P/E ratio of 39.43, a P/E/G ratio of 2.12 and a beta of 1.23. Verra Mobility Co. has a 1-year low of $20.26 and a 1-year high of $31.03.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The business had revenue of $225.55 million for the quarter, compared to the consensus estimate of $226.65 million. During the same period last year, the firm posted $0.27 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts expect that Verra Mobility Co. will post 1.08 earnings per share for the current year.

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.