Bradley Foster & Sargent Inc. CT Acquires 13,201 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Bradley Foster & Sargent Inc. CT increased its stake in Verra Mobility Co. (NASDAQ:VRRM) by 28.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,918 shares of the company’s stock after purchasing an additional 13,201 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Verra Mobility were worth $1,603,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas bought a new position in shares of Verra Mobility in the 4th quarter worth $371,000. Jump Financial LLC purchased a new position in Verra Mobility in the fourth quarter worth $334,000. Dimensional Fund Advisors LP increased its stake in Verra Mobility by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,953,696 shares of the company’s stock valued at $68,024,000 after acquiring an additional 189,492 shares during the last quarter. Quadrant Capital Group LLC raised its position in Verra Mobility by 99.5% during the fourth quarter. Quadrant Capital Group LLC now owns 3,081 shares of the company’s stock valued at $71,000 after purchasing an additional 1,537 shares in the last quarter. Finally, Brown Advisory Inc. bought a new stake in Verra Mobility during the fourth quarter worth about $853,000.

Verra Mobility Trading Up 1.0 %

NASDAQ VRRM opened at $27.27 on Thursday. The stock has a 50-day moving average of $28.23 and a 200-day moving average of $26.44. The company has a current ratio of 2.57, a quick ratio of 2.47 and a debt-to-equity ratio of 2.36. Verra Mobility Co. has a 1-year low of $18.49 and a 1-year high of $31.03. The firm has a market cap of $4.54 billion, a PE ratio of 54.54, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.31 earnings per share for the quarter, beating 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 analyst estimates of $220.32 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Verra Mobility Co. will post 1.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Verra Mobility from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, August 9th. Morgan Stanley lifted their price target on shares of Verra Mobility from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th.

About Verra Mobility

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.