3,073 Shares in Verra Mobility Co. (NASDAQ:VRRM) Acquired by Avanza Fonder AB

Avanza Fonder AB bought a new stake in Verra Mobility Co. (NASDAQ:VRRM) in the fourth quarter, HoldingsChannel reports. The fund bought 3,073 shares of the company’s stock, valued at approximately $74,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of VRRM. Signaturefd LLC lifted its stake in shares of Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after purchasing an additional 561 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in 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 buying an additional 745 shares during the period. Blue Trust Inc. lifted its position in 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 buying an additional 694 shares in the last quarter. US Bancorp DE grew its stake in Verra Mobility by 10.3% during the third quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after buying an additional 418 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Verra Mobility in the second quarter worth $131,000.

Verra Mobility Price Performance

Shares of NASDAQ:VRRM opened at $25.48 on Tuesday. The company has a market cap of $4.20 billion, a PE ratio of 42.47, a P/E/G ratio of 2.05 and a beta of 1.23. Verra Mobility Co. has a fifty-two week low of $20.26 and a fifty-two week high of $31.03. The firm has a 50-day simple moving average of $23.97 and a 200 day simple moving average of $26.22. 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) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $225.55 million during 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 company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, sell-side analysts anticipate that Verra Mobility Co. will post 1.08 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on VRRM shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research note 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 on the stock in a research report on Wednesday, October 30th. Finally, Robert W. Baird lowered their price objective on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research 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.