Tredje AP fonden Takes Position in Verra Mobility Co. (NASDAQ:VRRM)

Tredje AP fonden bought a new position in shares of Verra Mobility Co. (NASDAQ:VRRM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 43,373 shares of the company’s stock, valued at approximately $1,180,000.

Several other hedge funds have also recently bought and sold shares of VRRM. Bradley Foster & Sargent Inc. CT increased its stake in Verra Mobility by 28.9% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 58,918 shares of the company’s stock worth $1,603,000 after purchasing an additional 13,201 shares during the period. Dimensional Fund Advisors LP increased its stake in Verra Mobility by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,180,519 shares of the company’s stock worth $86,512,000 after buying an additional 193,686 shares during the period. Envestnet Asset Management Inc. boosted its position in Verra Mobility by 15.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 175,684 shares of the company’s stock valued at $4,779,000 after buying an additional 23,382 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Verra Mobility in the second quarter worth $4,378,000. Finally, United Services Automobile Association increased its position in shares of Verra Mobility by 13.6% during the second quarter. United Services Automobile Association now owns 12,764 shares of the company’s stock worth $347,000 after acquiring an additional 1,531 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VRRM. Morgan Stanley lifted their target price on Verra Mobility from $22.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on Verra Mobility from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 9th.

Verra Mobility Price Performance

Shares of VRRM opened at $27.80 on Friday. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 55.60, a PEG ratio of 1.77 and a beta of 1.27. The firm’s fifty day simple moving average is $28.18 and its 200-day simple moving average is $26.46. Verra Mobility Co. has a twelve month low of $18.49 and a twelve month high of $31.03. 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 (NASDAQ:VRRM) last posted its earnings results on Thursday, August 8th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The firm had revenue of $222.43 million for the quarter, compared to analyst estimates of $220.32 million. Verra Mobility had a return on equity of 39.89% and a net margin of 11.34%. Verra Mobility’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. Equities analysts forecast that Verra Mobility Co. will post 1.07 EPS for the current fiscal year.

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.