Free Trial

Wellington Management Group LLP Purchases 941,127 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Verra Mobility logo with Industrial Products background

Wellington Management Group LLP increased its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 13.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,065,795 shares of the company's stock after acquiring an additional 941,127 shares during the quarter. Wellington Management Group LLP owned approximately 4.89% of Verra Mobility worth $224,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Quest Partners LLC grew its position in shares of Verra Mobility by 1,732.7% in the 2nd quarter. Quest Partners LLC now owns 1,008 shares of the company's stock worth $27,000 after buying an additional 953 shares during the last quarter. Signaturefd LLC grew its position in shares of Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company's stock worth $29,000 after buying an additional 561 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Verra Mobility by 192.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company's stock worth $32,000 after buying an additional 745 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Verra Mobility by 713.5% in the 2nd quarter. Fifth Third Bancorp now owns 3,124 shares of the company's stock worth $85,000 after buying an additional 2,740 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Verra Mobility by 27.5% during the third quarter. Blue Trust Inc. now owns 3,219 shares of the company's stock valued at $88,000 after purchasing an additional 694 shares in the last quarter.

Verra Mobility Stock Down 0.5 %

NASDAQ:VRRM traded down $0.12 during trading hours on Monday, reaching $23.59. 1,062,395 shares of the company traded hands, compared to its average volume of 1,092,333. The business's 50-day moving average price is $25.10 and its two-hundred day moving average price is $26.74. The stock has a market capitalization of $3.89 billion, a P/E ratio of 39.77, a P/E/G ratio of 2.12 and a beta of 1.23. Verra Mobility Co. has a 1 year low of $20.26 and a 1 year high of $31.03. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share 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 firm had revenue of $225.55 million during the quarter, compared to analysts' expectations of $226.65 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The company's revenue was up 7.4% on a year-over-year basis. Analysts predict that Verra Mobility Co. will post 1.08 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on VRRM. Robert W. Baird dropped their price target on Verra Mobility from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Morgan Stanley dropped their price target on 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. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Verra Mobility from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Friday, November 1st.

Get Our Latest Analysis 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.

Further Reading

Institutional Ownership by Quarter for Verra Mobility (NASDAQ:VRRM)

→ Has Trump Finally Gone Too Far? (From Insiders Exposed) (Ad)

Should you invest $1,000 in Verra Mobility right now?

Before you consider Verra Mobility, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Verra Mobility wasn't on the list.

While Verra Mobility currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

From Landfills to Profits: Opal Fuels CEO Shares How the Company Turns Trash into Cash
The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop
Best ETFs for 2025: Growth, Stability, and AI-Driven Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines