Arcadia Investment Management Corp MI Takes Position in Verra Mobility Co. (NASDAQ:VRRM)

Arcadia Investment Management Corp MI purchased a new stake in shares of Verra Mobility Co. (NASDAQ:VRRM) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 5,347 shares of the company’s stock, valued at approximately $129,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Signaturefd LLC increased its holdings in Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after buying an additional 561 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in 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 buying an additional 745 shares in the last quarter. Avanza Fonder AB bought a new stake in Verra Mobility in the 4th quarter worth about $74,000. Blue Trust Inc. increased its holdings in 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 buying an additional 694 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Verra Mobility by 10.3% in the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after buying an additional 418 shares in the last quarter.

Verra Mobility Trading Down 1.2 %

Shares of NASDAQ:VRRM opened at $26.13 on Friday. Verra Mobility Co. has a 52-week low of $20.26 and a 52-week high of $31.03. 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 stock has a market capitalization of $4.31 billion, a price-to-earnings ratio of 43.55, a PEG ratio of 2.21 and a beta of 1.24. The stock’s 50-day simple moving average is $25.24 and its two-hundred day simple moving average is $25.74.

Analysts Set New Price Targets

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

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.