Quest Partners LLC boosted its position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 13,071.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 132,767 shares of the company's stock after purchasing an additional 131,759 shares during the quarter. Verra Mobility comprises 0.3% of Quest Partners LLC's holdings, making the stock its 21st biggest position. Quest Partners LLC owned 0.08% of Verra Mobility worth $3,692,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of VRRM. Allspring Global Investments Holdings LLC bought a new position in Verra Mobility in the first quarter valued at $26,000. ProShare Advisors LLC raised its position in Verra Mobility by 5.3% during 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 in the last quarter. Vanguard Group Inc. boosted its stake in shares of Verra Mobility by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 17,466,733 shares of the company's stock valued at $436,144,000 after purchasing an additional 231,566 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Verra Mobility by 17.5% during the first 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 in the last quarter. Finally, UniSuper Management Pty Ltd bought a new position in Verra Mobility in the first quarter valued at about $782,000.
Verra Mobility Price Performance
VRRM stock traded down $0.74 during trading on Monday, reaching $22.68. The company's stock had a trading volume of 1,270,140 shares, compared to its average volume of 1,095,468. 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 company has a market capitalization of $3.74 billion, a P/E ratio of 37.80, a price-to-earnings-growth ratio of 2.09 and a beta of 1.27. Verra Mobility Co. has a 1 year low of $19.63 and a 1 year high of $31.03. The company's fifty day moving average is $26.17 and its 200-day moving average is $27.09.
Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued 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 company had revenue of $225.55 million for the quarter, compared to analyst estimates of $226.65 million. During the same period last year, the company posted $0.27 earnings per share. Verra Mobility's revenue was up 7.4% compared to the same quarter last year. On average, research analysts expect that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. Morgan Stanley decreased their target price on Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 30th. Robert W. Baird reduced their target price 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. 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 note on Friday, November 1st.
View Our Latest Stock Report on Verra Mobility
Verra Mobility Company Profile
(
Free Report)
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.
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