Avanza Fonder AB Takes Position in Verra Mobility Co. (NASDAQ:VRRM)

Avanza Fonder AB purchased a new position in shares of Verra Mobility Co. (NASDAQ:VRRM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,073 shares of the company’s stock, valued at approximately $74,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Redhawk Wealth Advisors Inc. boosted its position in Verra Mobility by 5.7% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 70,931 shares of the company’s stock worth $1,715,000 after acquiring an additional 3,819 shares during the last quarter. Tealwood Asset Management Inc. boosted its holdings in shares of Verra Mobility by 1.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company’s stock worth $1,069,000 after purchasing an additional 592 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Verra Mobility by 1.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 615,905 shares of the company’s stock valued at $14,893,000 after purchasing an additional 10,054 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Verra Mobility by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock valued at $179,743,000 after purchasing an additional 36,585 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Verra Mobility by 6.4% in the third quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company’s stock valued at $104,464,000 after purchasing an additional 225,585 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have commented on VRRM shares. Morgan Stanley reduced their target price 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. Deutsche Bank Aktiengesellschaft reduced 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 report on Friday, November 1st. Finally, Robert W. Baird lowered their price objective on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, November 1st.

Verra Mobility Stock Performance

NASDAQ VRRM opened at $25.48 on Tuesday. The company has a fifty day moving average of $23.97 and a two-hundred day moving average of $26.22. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility Co. has a 1 year low of $20.26 and a 1 year high of $31.03. The company has a market capitalization of $4.20 billion, a PE ratio of 42.47, a P/E/G ratio of 2.05 and a beta of 1.23.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The company 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 business posted $0.27 earnings per share. Verra Mobility’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, analysts expect that Verra Mobility Co. will post 1.08 earnings per share for the current 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.