Union Bancaire Privee UBP SA Invests $2.35 Million in Verra Mobility Co. (NASDAQ:VRRM)

Union Bancaire Privee UBP SA bought a new position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 97,432 shares of the company's stock, valued at approximately $2,348,000. Union Bancaire Privee UBP SA owned 0.06% of Verra Mobility at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Signaturefd LLC raised its stake in Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company's stock valued at $29,000 after purchasing an additional 561 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Verra Mobility by 192.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company's stock valued at $32,000 after purchasing an additional 745 shares during the last quarter. Avanza Fonder AB acquired a new position in Verra Mobility in the 4th quarter valued at $74,000. Blue Trust Inc. raised its stake in Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company's stock valued at $88,000 after purchasing an additional 694 shares during the last quarter. Finally, US Bancorp DE raised its stake in Verra Mobility by 10.3% in the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company's stock valued at $125,000 after purchasing an additional 418 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Verra Mobility from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Morgan Stanley cut 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. Finally, Robert W. Baird cut their target price on Verra Mobility from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Friday, November 1st.

Verra Mobility Trading Down 1.3 %

Shares of NASDAQ VRRM traded down $0.34 during mid-day trading on Friday, reaching $26.39. 589,538 shares of the company's stock were exchanged, compared to its average volume of 837,236. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 43.98, a PEG ratio of 2.21 and a beta of 1.23. 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 $20.26 and a 52-week high of $31.03. The company's 50-day moving average is $24.49 and its 200-day moving average is $26.16.

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, hitting analysts' consensus estimates of $0.32. The business had revenue of $225.55 million during the quarter, compared to analysts' expectations of $226.65 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The company's revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS. Analysts expect that Verra Mobility Co. will post 1.08 EPS for the current fiscal year.

Verra Mobility Company 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.