Braun Stacey Associates Inc. Increases Stake in Verra Mobility Co. (NASDAQ:VRRM)

Braun Stacey Associates Inc. grew its position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 148.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in VRRM. Allspring Global Investments Holdings LLC acquired a new position in shares of Verra Mobility in the first quarter worth about $26,000. ProShare Advisors LLC grew its holdings in Verra Mobility by 5.3% in the first quarter. ProShare Advisors LLC now owns 28,240 shares of the company's stock valued at $705,000 after purchasing an additional 1,434 shares during the period. Vanguard Group Inc. increased 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 buying an additional 231,566 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Verra Mobility by 17.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 12,270 shares of the company's stock worth $306,000 after buying an additional 1,829 shares during the period. Finally, UniSuper Management Pty Ltd acquired a new stake in Verra Mobility in the 1st quarter valued at $782,000.

Verra Mobility Trading Down 2.8 %

NASDAQ:VRRM traded down $0.66 during trading hours on Monday, reaching $22.76. 459,453 shares of the stock were exchanged, compared to its average volume of 1,091,833. Verra Mobility Co. has a twelve month low of $19.63 and a twelve month high of $31.03. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The business has a 50-day moving average of $26.25 and a two-hundred day moving average of $27.10. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 2.09 and a beta of 1.27.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. The company 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 last year, the business posted $0.27 EPS. On average, equities analysts predict that Verra Mobility Co. will post 1.08 EPS for the current year.

Wall Street Analyst Weigh In

VRRM has been the topic of a number of 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 on the stock in a research note on Friday, November 1st. Morgan Stanley lowered their price target on 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. Finally, Robert W. Baird dropped their price target 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 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.