Natixis Advisors LLC Increases Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Natixis Advisors LLC raised its stake in Verra Mobility Co. (NASDAQ:VRRM) by 61.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 19,059 shares of the company’s stock after acquiring an additional 7,285 shares during the period. Natixis Advisors LLC’s holdings in Verra Mobility were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of VRRM. Handelsbanken Fonder AB lifted its holdings in shares of 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 buying an additional 261,500 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Verra Mobility by 6.4% in the 3rd quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company’s stock valued at $104,464,000 after buying an additional 225,585 shares during the period. Westwood Holdings Group Inc. lifted its holdings in shares of Verra Mobility by 7.0% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,380,416 shares of the company’s stock valued at $91,947,000 after buying an additional 221,385 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Verra Mobility by 6.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,180,519 shares of the company’s stock valued at $86,512,000 after buying an additional 193,686 shares during the period. Finally, WCM Investment Management LLC lifted its holdings in shares of Verra Mobility by 3.3% in the 3rd quarter. WCM Investment Management LLC now owns 2,055,006 shares of the company’s stock valued at $57,150,000 after buying an additional 64,819 shares during the period.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $23.57 on Friday. The stock has a fifty day moving average price of $25.67 and a 200 day moving average price of $26.93. The stock has a market cap of $3.88 billion, a PE ratio of 39.28, a P/E/G ratio of 2.14 and a beta of 1.27. Verra Mobility Co. has a 1 year low of $19.67 and a 1 year high of $31.03. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The firm had revenue of $225.55 million during the quarter, compared to analysts’ expectations of $226.65 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. Verra Mobility’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. Sell-side analysts forecast that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on VRRM shares. Robert W. Baird reduced their price target on 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 reduced their price target on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a report on Friday, November 1st.

About Verra Mobility

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.