Verra Mobility Co. (NASDAQ:VRRM) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 0.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,463,246 shares of the company's stock after purchasing an additional 36,585 shares during the period. JPMorgan Chase & Co. owned 3.92% of Verra Mobility worth $179,743,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VRRM. Principal Financial Group Inc. raised its position in shares of Verra Mobility by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company's stock worth $104,464,000 after purchasing an additional 225,585 shares during the period. Franklin Resources Inc. increased its position in Verra Mobility by 13.7% in the third quarter. Franklin Resources Inc. now owns 1,814,342 shares of the company's stock worth $48,987,000 after buying an additional 219,071 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in Verra Mobility by 1.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 167,923 shares of the company's stock valued at $4,670,000 after buying an additional 2,797 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Verra Mobility by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,904,750 shares of the company's stock valued at $108,612,000 after acquiring an additional 17,688 shares during the period. Finally, Barclays PLC grew its position in shares of Verra Mobility by 400.2% during the third quarter. Barclays PLC now owns 294,457 shares of the company's stock worth $8,189,000 after acquiring an additional 235,589 shares during the last quarter.

Verra Mobility Price Performance

VRRM stock traded up $0.08 during trading on Wednesday, hitting $24.18. The company had a trading volume of 1,466,200 shares, compared to its average volume of 1,100,981. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 40.30, a P/E/G ratio of 2.12 and a beta of 1.23. 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 business has a 50 day moving average of $23.93 and a 200 day moving average of $26.43. Verra Mobility Co. has a fifty-two week low of $20.26 and a fifty-two week high of $31.03.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on VRRM. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Verra Mobility from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Robert W. Baird cut their price target on Verra Mobility from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Finally, Morgan Stanley decreased their price objective on Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating for the company in a report 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.