Barclays PLC Has $8.19 Million Position in Verra Mobility Co. (NASDAQ:VRRM)

Barclays PLC lifted its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 400.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 294,457 shares of the company's stock after buying an additional 235,589 shares during the quarter. Barclays PLC owned about 0.18% of Verra Mobility worth $8,189,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of VRRM. Public Employees Retirement System of Ohio boosted its stake in Verra Mobility by 6.9% in the third quarter. Public Employees Retirement System of Ohio now owns 229,852 shares of the company's stock valued at $6,392,000 after acquiring an additional 14,868 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Verra Mobility during the third quarter worth $339,000. Orion Portfolio Solutions LLC bought a new stake in Verra Mobility in the third quarter valued at about $857,000. Wellington Management Group LLP lifted its stake in Verra Mobility by 13.2% in the third quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company's stock valued at $224,310,000 after buying an additional 941,127 shares during the period. Finally, Weiss Asset Management LP bought a new position in Verra Mobility during the third quarter worth about $1,355,000.

Analysts Set New Price Targets

VRRM has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target 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. Robert W. Baird reduced their price target 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. Finally, Morgan Stanley lowered their price objective 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.

Verra Mobility Stock Down 2.5 %

NASDAQ VRRM traded down $0.60 during trading hours on Wednesday, reaching $23.36. 1,446,413 shares of the company's stock were exchanged, compared to its average volume of 1,095,064. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of 38.93, a price-to-earnings-growth ratio of 2.12 and a beta of 1.23. The company's 50-day moving average is $24.69 and its two-hundred day moving average is $26.62. Verra Mobility Co. has a one year low of $20.26 and a one year 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 EPS for the quarter, meeting the consensus estimate of $0.32. The business had revenue of $225.55 million for the quarter, compared to analysts' expectations of $226.65 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm's revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 EPS. On average, analysts forecast that Verra Mobility Co. will post 1.08 EPS for the current fiscal year.

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.