CreativeOne Wealth LLC Makes New $910,000 Investment in Verra Mobility Co. (NASDAQ:VRRM)

CreativeOne Wealth LLC acquired a new stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 32,728 shares of the company's stock, valued at approximately $910,000.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of Verra Mobility by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,180,519 shares of the company's stock valued at $86,512,000 after buying an additional 193,686 shares in the last quarter. SG Americas Securities LLC increased its stake in Verra Mobility by 459.0% in the 2nd 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 period. Braun Stacey Associates Inc. increased its stake in Verra Mobility by 148.0% in the 3rd quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company's stock worth $12,234,000 after purchasing an additional 262,509 shares during the period. Bradley Foster & Sargent Inc. CT increased its stake in 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 purchasing an additional 13,201 shares during the period. Finally, Xponance Inc. increased its stake in Verra Mobility by 26.6% in the 2nd quarter. Xponance Inc. now owns 10,535 shares of the company's stock worth $287,000 after purchasing an additional 2,212 shares during the period.

Verra Mobility Stock Up 0.4 %

Shares of NASDAQ VRRM traded up $0.09 during mid-day trading on Friday, hitting $23.66. 591,681 shares of the stock traded hands, compared to its average volume of 1,095,064. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. Verra Mobility Co. has a 52 week low of $19.94 and a 52 week high of $31.03. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 39.43, a PEG ratio of 2.10 and a beta of 1.27. The stock has a fifty day moving average price of $25.50 and a 200-day moving average price of $26.89.

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

Analyst Ratings Changes

VRRM has been the topic of a number of analyst reports. Robert W. Baird decreased their price target 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 reduced their target price 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, Deutsche Bank Aktiengesellschaft reduced their target price on Verra Mobility from $31.00 to $29.00 and set a "buy" rating on the stock in a research note 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.