Atria Investments Inc Buys New Stake in Verra Mobility Co. (NASDAQ:VRRM)

Atria Investments Inc purchased a new position in shares of Verra Mobility Co. (NASDAQ:VRRM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,353 shares of the company’s stock, valued at approximately $260,000.

A number of other institutional investors have also modified their holdings of VRRM. Quest Partners LLC raised its position in Verra Mobility by 1,732.7% during the second quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock valued at $27,000 after acquiring an additional 953 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Verra Mobility by 112.4% during the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after purchasing an additional 561 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Verra Mobility by 713.5% in the 2nd quarter. Fifth Third Bancorp now owns 3,124 shares of the company’s stock valued at $85,000 after purchasing an additional 2,740 shares during the period. Blue Trust Inc. boosted 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 buying an additional 694 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Verra Mobility by 36.2% during the second quarter. GAMMA Investing LLC now owns 4,169 shares of the company’s stock valued at $113,000 after buying an additional 1,108 shares during the period.

Analyst Upgrades and Downgrades

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

Verra Mobility Trading Up 1.9 %

VRRM stock opened at $23.64 on Friday. The business’s 50-day moving average is $25.94 and its 200 day moving average is $27.02. Verra Mobility Co. has a 12-month low of $19.67 and a 12-month high of $31.03. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 39.40, a PEG ratio of 2.05 and a beta of 1.27. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The firm had revenue of $225.55 million for the quarter, compared to analyst estimates of $226.65 million. During the same period in the previous year, the company posted $0.27 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts anticipate that Verra Mobility Co. will post 1.08 EPS for the current fiscal 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.