Stifel Financial Corp Grows Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Stifel Financial Corp increased its holdings in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 179.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,186 shares of the company's stock after buying an additional 36,705 shares during the period. Stifel Financial Corp's holdings in Verra Mobility were worth $1,590,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Crossmark Global Holdings Inc. grew its holdings in Verra Mobility by 1.5% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company's stock valued at $742,000 after buying an additional 391 shares in the last quarter. US Bancorp DE lifted 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 worth $125,000 after purchasing an additional 418 shares in the last quarter. Signaturefd LLC boosted its holdings 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 period. RiverPark Advisors LLC grew its position in shares of Verra Mobility by 3.5% during the 3rd quarter. RiverPark Advisors LLC now owns 19,217 shares of the company's stock valued at $534,000 after purchasing an additional 642 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Verra Mobility by 27.5% in the third quarter. Blue Trust Inc. now owns 3,219 shares of the company's stock worth $88,000 after purchasing an additional 694 shares during the period.

Verra Mobility Price Performance

NASDAQ:VRRM traded up $0.02 during midday trading on Friday, hitting $23.66. The company had a trading volume of 2,581,472 shares, compared to its average volume of 1,101,189. The company has a market capitalization of $3.90 billion, a PE ratio of 39.43, a P/E/G ratio of 2.12 and a beta of 1.23. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a 52-week low of $20.26 and a 52-week high of $31.03. The stock's fifty day moving average price is $24.41 and its 200-day moving average price is $26.53.

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, hitting analysts' consensus estimates of $0.32. The firm 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 for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS. As a group, research analysts expect that Verra Mobility Co. will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

VRRM has been the subject of several research analyst reports. Morgan Stanley dropped their price objective 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. Deutsche Bank Aktiengesellschaft dropped their price target on 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 on the stock in a research report 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.