UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 313,080 Shares of Verra Mobility Co. (NASDAQ:VRRM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 23.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,643,241 shares of the company's stock after buying an additional 313,080 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.00% of Verra Mobility worth $45,699,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VRRM. Handelsbanken Fonder AB raised its stake in Verra Mobility by 7.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 4,015,800 shares of the company's stock valued at $111,679,000 after acquiring an additional 261,500 shares during the period. Principal Financial Group Inc. lifted its position in Verra Mobility by 6.4% during the third quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company's stock worth $104,464,000 after acquiring an additional 225,585 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of Verra Mobility by 7.0% during the second quarter. Westwood Holdings Group Inc. now owns 3,380,416 shares of the company's stock worth $91,947,000 after acquiring an additional 221,385 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Verra Mobility by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,180,519 shares of the company's stock valued at $86,512,000 after purchasing an additional 193,686 shares during the last quarter. Finally, WCM Investment Management LLC increased its stake in shares of Verra Mobility by 3.3% during the third quarter. WCM Investment Management LLC now owns 2,055,006 shares of the company's stock worth $57,150,000 after purchasing an additional 64,819 shares during the period.

Verra Mobility Price Performance

Shares of VRRM traded up $0.18 during trading hours on Wednesday, hitting $23.66. 483,662 shares of the company were exchanged, compared to its average volume of 1,091,823. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 39.13, a P/E/G ratio of 2.12 and a beta of 1.23. The firm's fifty day moving average is $25.33 and its 200 day moving average is $26.82. Verra Mobility Co. has a fifty-two week low of $20.26 and a fifty-two week high of $31.03. 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 (NASDAQ:VRRM - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm had revenue of $225.55 million for the quarter, compared to analyst estimates of $226.65 million. During the same period last year, the firm earned $0.27 EPS. The business's quarterly revenue was up 7.4% compared to the same quarter last year. On average, equities analysts anticipate that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on VRRM shares. Robert W. Baird decreased their price objective on Verra Mobility from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Verra Mobility from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Finally, Morgan Stanley decreased their target price on shares of Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Wednesday, October 30th.

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.