Braun Stacey Associates Inc. Raises Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Braun Stacey Associates Inc. boosted its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 148.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 439,904 shares of the company’s stock after purchasing an additional 262,509 shares during the quarter. Braun Stacey Associates Inc. owned approximately 0.27% of Verra Mobility worth $12,234,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Verra Mobility by 1.3% in the first quarter. Vanguard Group Inc. now owns 17,466,733 shares of the company’s stock valued at $436,144,000 after acquiring an additional 231,566 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Verra Mobility by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,427,527 shares of the company’s stock valued at $185,466,000 after purchasing an additional 351,694 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Verra Mobility by 7.0% in the third quarter. Handelsbanken Fonder AB now owns 4,015,800 shares of the company’s stock valued at $111,679,000 after purchasing an additional 261,500 shares during the last quarter. 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. Finally, Westwood Holdings Group Inc. increased its holdings in shares of Verra Mobility by 7.0% in the second quarter. Westwood Holdings Group Inc. now owns 3,380,416 shares of the company’s stock valued at $91,947,000 after purchasing an additional 221,385 shares during the last quarter.

Verra Mobility Trading Up 0.4 %

VRRM opened at $23.42 on Monday. Verra Mobility Co. has a 12 month low of $19.63 and a 12 month high of $31.03. The stock has a market capitalization 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 company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. The business has a fifty day moving average price of $26.25 and a 200 day moving average price of $27.10.

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

Analyst Ratings Changes

Several equities research analysts recently commented on VRRM shares. Robert W. Baird cut their price target on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price target on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Morgan Stanley cut their price target on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th.

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.