Assetmark Inc. Increases Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Assetmark Inc. increased its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 539.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 49,841 shares of the company's stock after purchasing an additional 42,041 shares during the period. Assetmark Inc.'s holdings in Verra Mobility were worth $1,386,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Quest Partners LLC boosted its position in shares of Verra Mobility by 1,732.7% in the second quarter. Quest Partners LLC now owns 1,008 shares of the company's stock valued at $27,000 after acquiring an additional 953 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Verra Mobility in the 1st quarter worth about $26,000. Signaturefd LLC raised its holdings in shares of Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company's stock valued at $29,000 after acquiring an additional 561 shares in the last quarter. Picton Mahoney Asset Management bought a new stake in shares of Verra Mobility during the 1st quarter valued at about $74,000. Finally, Fifth Third Bancorp grew its holdings in shares of Verra Mobility by 713.5% during the second quarter. Fifth Third Bancorp now owns 3,124 shares of the company's stock worth $85,000 after purchasing an additional 2,740 shares in the last quarter.

Verra Mobility Trading Up 0.0 %

NASDAQ:VRRM traded up $0.01 during trading hours on Friday, hitting $23.33. The company had a trading volume of 331,876 shares, compared to its average volume of 1,091,390. Verra Mobility Co. has a 52 week low of $19.63 and a 52 week high of $31.03. 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 stock has a 50-day moving average price of $26.30 and a 200 day moving average price of $27.06. The company has a market capitalization of $3.84 billion, a PE ratio of 38.87, a price-to-earnings-growth ratio of 2.09 and a beta of 1.27.

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, hitting analysts' consensus estimates of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm had revenue of $225.55 million for the quarter, compared to the consensus estimate of $226.65 million. During the same period in the prior year, the firm earned $0.27 EPS. The company's revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that Verra Mobility Co. will post 1.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VRRM shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Verra Mobility from $31.00 to $29.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Robert W. Baird cut their target price on shares of Verra Mobility from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Friday, November 1st. Finally, Morgan Stanley dropped their price target 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.

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.