Stansberry Asset Management LLC Purchases 25,903 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Stansberry Asset Management LLC increased its position in shares of Verra Mobility Co. (NASDAQ:VRRM) by 5.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 518,250 shares of the company’s stock after acquiring an additional 25,903 shares during the period. Verra Mobility makes up about 1.8% of Stansberry Asset Management LLC’s holdings, making the stock its 14th biggest position. Stansberry Asset Management LLC’s holdings in Verra Mobility were worth $14,413,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VRRM. Quest Partners LLC boosted its position in Verra Mobility by 1,732.7% during the 2nd quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock valued at $27,000 after buying an additional 953 shares during the period. Signaturefd LLC boosted its position in 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 buying an additional 561 shares during the period. First Horizon Advisors Inc. lifted its position in shares of 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 purchasing an additional 745 shares during the period. Fifth Third Bancorp lifted its position 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 worth $85,000 after purchasing an additional 2,740 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after purchasing an additional 694 shares during the period.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $23.60 on Thursday. The company has a 50 day moving average price of $25.26 and a 200-day moving average price of $26.80. Verra Mobility Co. has a 52 week low of $20.26 and a 52 week high of $31.03. The firm has a market capitalization of $3.89 billion, a PE ratio of 39.33, a P/E/G ratio of 2.10 and a beta of 1.23. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

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

Analyst Ratings Changes

Several brokerages recently issued reports on VRRM. Morgan Stanley decreased their price target on shares of 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. Robert W. Baird reduced their price objective on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

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.