Citigroup Inc. boosted its stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 73.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 222,910 shares of the company's stock after buying an additional 94,073 shares during the quarter. Citigroup Inc. owned approximately 0.14% of Verra Mobility worth $6,199,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Quest Partners LLC increased its stake in Verra Mobility by 1,732.7% during the second quarter. Quest Partners LLC now owns 1,008 shares of the company's stock valued at $27,000 after acquiring an additional 953 shares during the period. Signaturefd LLC increased its position in shares of Verra Mobility by 112.4% during the third 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. First Horizon Advisors Inc. raised its stake in shares of Verra Mobility by 192.0% in the third 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 in the last quarter. Fifth Third Bancorp lifted its position in Verra Mobility by 713.5% in the second quarter. Fifth Third Bancorp now owns 3,124 shares of the company's stock worth $85,000 after purchasing an additional 2,740 shares during the period. Finally, Blue Trust Inc. boosted its stake in Verra Mobility by 27.5% during the third quarter. Blue Trust Inc. now owns 3,219 shares of the company's stock worth $88,000 after buying an additional 694 shares in the last quarter.
Verra Mobility Price Performance
NASDAQ:VRRM traded up $0.12 on Monday, reaching $23.78. The stock had a trading volume of 1,237,775 shares, compared to its average volume of 1,095,709. 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 $3.92 billion, a P/E ratio of 39.43, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. Verra Mobility Co. has a 1-year low of $20.25 and a 1-year high of $31.03. The stock has a fifty day moving average price of $25.50 and a 200-day moving average price of $26.88.
Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced 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 return on equity of 38.97% and a net margin of 11.64%. The business had revenue of $225.55 million for the quarter, compared to the consensus estimate of $226.65 million. During the same period in the previous year, the business earned $0.27 EPS. Verra Mobility's revenue was up 7.4% compared to the same quarter last year. Research analysts forecast that Verra Mobility Co. will post 1.08 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on VRRM shares. Robert W. Baird reduced their price objective on shares of Verra Mobility from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Morgan Stanley lowered their price objective on Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft cut their target price 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.
Check Out Our Latest Stock Report on Verra Mobility
About Verra Mobility
(
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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