Intech Investment Management LLC Takes Position in Verra Mobility Co. (NASDAQ:VRRM)

Intech Investment Management LLC acquired a new position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 33,223 shares of the company's stock, valued at approximately $924,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. grew its position in shares of Verra Mobility by 1.5% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company's stock worth $742,000 after buying an additional 391 shares during the period. US Bancorp DE grew its holdings in Verra Mobility by 10.3% during the third quarter. US Bancorp DE now owns 4,478 shares of the company's stock valued at $125,000 after purchasing an additional 418 shares during the period. Signaturefd LLC increased its stake in Verra Mobility by 112.4% in the third quarter. Signaturefd LLC now owns 1,060 shares of the company's stock valued at $29,000 after purchasing an additional 561 shares in the last quarter. RiverPark Advisors LLC raised its holdings in Verra Mobility by 3.5% in the third quarter. RiverPark Advisors LLC now owns 19,217 shares of the company's stock worth $534,000 after purchasing an additional 642 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Verra Mobility by 27.5% during the third quarter. Blue Trust Inc. now owns 3,219 shares of the company's stock worth $88,000 after purchasing an additional 694 shares in the last quarter.

Verra Mobility Stock Up 0.4 %

Shares of VRRM traded up $0.09 during midday trading on Friday, hitting $23.66. The stock had a trading volume of 591,681 shares, compared to its average volume of 1,095,064. 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 firm has a market cap of $3.90 billion, a price-to-earnings ratio of 39.28, a price-to-earnings-growth ratio of 2.10 and a beta of 1.27. The company has a 50 day simple moving average of $25.58 and a two-hundred day simple moving average of $26.91. Verra Mobility Co. has a twelve month low of $19.94 and a twelve month high of $31.03.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, meeting analysts' consensus estimates 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 firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. On average, analysts anticipate that Verra Mobility Co. will post 1.08 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on VRRM shares. Robert W. Baird dropped their price objective on Verra Mobility from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price objective on Verra Mobility from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Finally, Morgan Stanley lowered their target price on 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.

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.