Bridgewater Associates LP Lowers Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Bridgewater Associates LP lessened its holdings in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 55.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,918 shares of the company's stock after selling 25,148 shares during the quarter. Bridgewater Associates LP's holdings in Verra Mobility were worth $554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its stake in shares of Verra Mobility by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,180,519 shares of the company's stock valued at $86,512,000 after purchasing an additional 193,686 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Verra Mobility by 459.0% in the second quarter. SG Americas Securities LLC now owns 27,139 shares of the company's stock worth $738,000 after purchasing an additional 22,284 shares during the last quarter. Braun Stacey Associates Inc. lifted its stake in Verra Mobility by 148.0% during the 3rd quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company's stock valued at $12,234,000 after acquiring an additional 262,509 shares in the last quarter. Citigroup Inc. boosted its holdings in Verra Mobility by 73.0% during the third quarter. Citigroup Inc. now owns 222,910 shares of the company's stock worth $6,199,000 after purchasing an additional 94,073 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its stake in shares of Verra Mobility by 28.9% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 58,918 shares of the company's stock worth $1,603,000 after buying an additional 13,201 shares during the last quarter.

Verra Mobility Stock Performance

VRRM traded down $0.30 during trading hours on Tuesday, hitting $23.48. The stock had a trading volume of 866,213 shares, compared to its average volume of 1,093,054. Verra Mobility Co. has a 1 year low of $20.25 and a 1 year high of $31.03. The company's fifty day simple moving average is $25.42 and its 200 day simple moving average is $26.85. The stock has a market cap of $3.87 billion, a PE ratio of 39.63, a price-to-earnings-growth ratio of 2.11 and a beta of 1.23. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $225.55 million for the quarter, compared to analyst estimates of $226.65 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Equities analysts anticipate that Verra Mobility Co. will post 1.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

VRRM has been the topic of a number of recent analyst reports. Robert W. Baird lowered their target price 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. Morgan Stanley dropped their target price on shares of 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, Deutsche Bank Aktiengesellschaft reduced 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.

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.