Verra Mobility Co. (NASDAQ:VRRM) Shares Purchased by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. raised its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 148.0% during the third quarter, HoldingsChannel reports. The firm owned 439,904 shares of the company’s stock after buying an additional 262,509 shares during the period. Braun Stacey Associates Inc.’s holdings in Verra Mobility were worth $12,234,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Quest Partners LLC increased its stake in Verra Mobility by 1,732.7% in the second quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock valued at $27,000 after purchasing an additional 953 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Verra Mobility in the first quarter valued at $26,000. Signaturefd LLC increased its stake in shares of Verra Mobility by 112.4% during the third quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after acquiring an additional 561 shares during the period. Fifth Third Bancorp increased its stake in shares of Verra Mobility by 713.5% during the second quarter. Fifth Third Bancorp now owns 3,124 shares of the company’s stock worth $85,000 after acquiring an additional 2,740 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 694 shares during the period.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VRRM. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. 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. Finally, Morgan Stanley dropped their price target on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th.

Verra Mobility Price Performance

Verra Mobility stock opened at $23.42 on Monday. 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 has a market cap of $3.86 billion, a price-to-earnings ratio of 39.03, a PEG ratio of 2.09 and a beta of 1.27. The firm has a 50 day moving average price of $26.25 and a 200 day moving average price of $27.10. Verra Mobility Co. has a 1 year low of $19.63 and a 1 year high of $31.03.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The business had revenue of $225.55 million for the quarter, compared to the consensus estimate of $226.65 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. Sell-side analysts predict 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.