Fiera Capital Corp Purchases Shares of 1,219,158 Verra Mobility Co. (NASDAQ:VRRM)

Fiera Capital Corp acquired a new stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,219,158 shares of the company's stock, valued at approximately $33,905,000. Fiera Capital Corp owned 0.74% of Verra Mobility as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new stake in Verra Mobility during the 1st quarter worth $26,000. Quest Partners LLC boosted its position in Verra Mobility by 1,732.7% during the 2nd quarter. Quest Partners LLC now owns 1,008 shares of the company's stock worth $27,000 after purchasing an additional 953 shares during the period. Signaturefd LLC boosted its position in Verra Mobility by 112.4% during the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company's stock worth $29,000 after purchasing an additional 561 shares during the period. Picton Mahoney Asset Management purchased a new stake in Verra Mobility during the 1st quarter worth $74,000. Finally, Montag A & Associates Inc. boosted its position in Verra Mobility by 17.1% during the 1st quarter. Montag A & Associates Inc. now owns 3,045 shares of the company's stock worth $76,000 after purchasing an additional 445 shares during the period.

Wall Street Analysts Forecast Growth

VRRM has been the subject of a number of research reports. Morgan Stanley decreased their price target on shares of Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Finally, Robert W. Baird decreased their price objective 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.

Verra Mobility Stock Up 0.8 %

NASDAQ:VRRM traded up $0.18 on Friday, reaching $23.44. The stock had a trading volume of 2,558,274 shares, compared to its average volume of 1,244,431. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The company has a 50-day moving average of $26.60 and a 200 day moving average of $27.09. The stock has a market cap of $3.86 billion, a P/E ratio of 39.07, a price-to-earnings-growth ratio of 2.16 and a beta of 1.27. Verra Mobility Co. has a 12-month low of $18.76 and a 12-month high of $31.03.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.32. The business 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 revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. On average, research analysts predict that Verra Mobility Co. will post 1.07 earnings per share for the current year.

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.