Verition Fund Management LLC Acquires New Position in Verra Mobility Co. (NASDAQ:VRRM)

Verition Fund Management LLC acquired a new stake in Verra Mobility Co. (NASDAQ:VRRM) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,888 shares of the company’s stock, valued at approximately $386,000.

Other institutional investors have also recently made changes to their positions in the company. Quest Partners LLC lifted 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 worth $27,000 after acquiring an additional 953 shares during the last quarter. Signaturefd LLC lifted its stake in Verra Mobility by 112.4% in 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 last quarter. First Horizon Advisors Inc. lifted its stake in Verra Mobility by 192.0% in the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock worth $32,000 after acquiring an additional 745 shares during the last quarter. Fifth Third Bancorp lifted its stake in Verra Mobility by 713.5% in 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 last quarter. Finally, Blue Trust Inc. lifted its stake in Verra Mobility by 27.5% in 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 last quarter.

Wall Street Analyst Weigh In

VRRM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target 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. Robert W. Baird decreased their price target 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, Morgan Stanley reduced their price objective on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th.

Verra Mobility Stock Up 1.0 %

Shares of NASDAQ:VRRM opened at $24.01 on Friday. The company has a market capitalization of $3.96 billion, a PE ratio of 40.02, a P/E/G ratio of 2.12 and a beta of 1.23. 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 Co. has a twelve month low of $20.26 and a twelve month high of $31.03. The firm has a 50 day simple moving average of $24.82 and a 200-day simple moving average of $26.66.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $225.55 million during the quarter, compared to the consensus estimate of $226.65 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 EPS. On average, equities analysts predict 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.