Charles Schwab Investment Management Inc. Acquires 37,131 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Charles Schwab Investment Management Inc. grew its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 2.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,719,661 shares of the company's stock after buying an additional 37,131 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.04% of Verra Mobility worth $47,824,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Crossmark Global Holdings Inc. lifted its holdings in shares of Verra Mobility by 1.5% during the second quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company's stock worth $742,000 after purchasing an additional 391 shares during the period. US Bancorp DE lifted its holdings in Verra Mobility by 10.3% in the third quarter. US Bancorp DE now owns 4,478 shares of the company's stock valued at $125,000 after buying an additional 418 shares during the period. Signaturefd LLC lifted its holdings in Verra Mobility by 112.4% in the third quarter. Signaturefd LLC now owns 1,060 shares of the company's stock valued at $29,000 after buying an additional 561 shares during the period. RiverPark Advisors LLC lifted its holdings in Verra Mobility by 3.5% in the third quarter. RiverPark Advisors LLC now owns 19,217 shares of the company's stock valued at $534,000 after buying an additional 642 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Verra Mobility by 27.5% in the third quarter. Blue Trust Inc. now owns 3,219 shares of the company's stock valued at $88,000 after buying an additional 694 shares during the period.

Analysts Set New Price Targets

VRRM has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Verra Mobility from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Morgan Stanley dropped their price objective on shares of Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating on the stock in a report on Wednesday, October 30th. Finally, Robert W. Baird dropped their price objective on shares of Verra Mobility from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Friday, November 1st.

Verra Mobility Stock Up 0.5 %

Shares of NASDAQ VRRM traded up $0.12 during trading on Monday, hitting $23.78. 1,237,775 shares of the company traded hands, compared to its average volume of 1,095,709. 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 business's fifty day moving average is $25.50 and its 200 day moving average is $26.88. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 39.43, a P/E/G ratio of 2.11 and a beta of 1.27. Verra Mobility Co. has a fifty-two week low of $20.25 and a fifty-two week high of $31.03.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $226.65 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts predict that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

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.