Raymond James Financial Inc. Makes New Investment in Verra Mobility Co. (NASDAQ:VRRM)

Raymond James Financial Inc. acquired a new position in Verra Mobility Co. (NASDAQ:VRRM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 215,799 shares of the company’s stock, valued at approximately $5,218,000. Raymond James Financial Inc. owned approximately 0.13% of Verra Mobility at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. increased its stake in Verra Mobility by 192.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock worth $32,000 after buying an additional 745 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Verra Mobility by 245.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock worth $56,000 after acquiring an additional 1,640 shares during the period. Avanza Fonder AB purchased a new stake in shares of Verra Mobility during the fourth quarter worth about $74,000. Arcadia Investment Management Corp MI bought a new position in Verra Mobility in the 4th quarter worth approximately $129,000. Finally, KBC Group NV grew its holdings in Verra Mobility by 61.9% during the 4th quarter. KBC Group NV now owns 7,090 shares of the company’s stock valued at $171,000 after buying an additional 2,710 shares in the last quarter.

Verra Mobility Price Performance

VRRM stock opened at $21.07 on Wednesday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The company’s fifty day moving average price is $24.31 and its 200-day moving average price is $24.87. Verra Mobility Co. has a one year low of $19.51 and a one year high of $31.03. The company has a market capitalization of $3.36 billion, a PE ratio of 35.12, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30.

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.