Verra Mobility Co. (NASDAQ:VRRM) Stock Holdings Lifted by WCM Investment Management LLC

WCM Investment Management LLC boosted its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,055,006 shares of the company's stock after acquiring an additional 64,819 shares during the quarter. WCM Investment Management LLC owned 1.25% of Verra Mobility worth $57,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VRRM. Vanguard Group Inc. increased its holdings in Verra Mobility by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 17,466,733 shares of the company's stock valued at $436,144,000 after purchasing an additional 231,566 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Verra Mobility by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,427,527 shares of the company's stock valued at $185,466,000 after buying an additional 351,694 shares during the period. Handelsbanken Fonder AB lifted its position in Verra Mobility by 7.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 4,015,800 shares of the company's stock worth $111,679,000 after acquiring an additional 261,500 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Verra Mobility by 6.4% in the 3rd 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 period. Finally, Westwood Holdings Group Inc. grew its position in Verra Mobility by 7.0% in the second quarter. Westwood Holdings Group Inc. now owns 3,380,416 shares of the company's stock valued at $91,947,000 after acquiring an additional 221,385 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VRRM. Deutsche Bank Aktiengesellschaft reduced their target price 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. Morgan Stanley cut 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 lowered their target price on Verra Mobility from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Friday, November 1st.

Verra Mobility Stock Down 1.0 %

Shares of Verra Mobility stock traded down $0.24 on Monday, hitting $23.20. 1,625,654 shares of the company's stock traded hands, compared to its average volume of 1,085,335. 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 firm's 50-day moving average is $26.51 and its 200 day moving average is $27.12. The stock has a market cap of $3.82 billion, a P/E ratio of 38.67, a PEG ratio of 2.11 and a beta of 1.27. Verra Mobility Co. has a 52-week low of $19.63 and a 52-week 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 analysts' consensus estimates of $0.32. The firm had revenue of $225.55 million for the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.27 EPS. Equities analysts anticipate that Verra Mobility Co. will post 1.08 earnings per share for the current year.

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.