Blue Trust Inc. Has $88,000 Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Blue Trust Inc. grew its holdings in shares of Verra Mobility Co. (NASDAQ:VRRMFree Report) by 27.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,219 shares of the company’s stock after purchasing an additional 694 shares during the quarter. Blue Trust Inc.’s holdings in Verra Mobility were worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of Verra Mobility in the first quarter worth about $26,000. Braun Stacey Associates Inc. increased its holdings in shares of Verra Mobility by 6.5% during the 1st quarter. Braun Stacey Associates Inc. now owns 139,445 shares of the company’s stock valued at $3,482,000 after acquiring an additional 8,545 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Verra Mobility by 26.7% in the 1st quarter. BNP Paribas Financial Markets now owns 144,906 shares of the company’s stock valued at $3,618,000 after acquiring an additional 30,548 shares in the last quarter. RiverPark Advisors LLC lifted its holdings in Verra Mobility by 245.9% in the 1st quarter. RiverPark Advisors LLC now owns 16,946 shares of the company’s stock worth $423,000 after purchasing an additional 12,047 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its position in Verra Mobility by 4.7% during the first quarter. DAVENPORT & Co LLC now owns 1,868,697 shares of the company’s stock worth $47,014,000 after purchasing an additional 83,753 shares during the period.

Verra Mobility Stock Up 0.2 %

Shares of VRRM stock opened at $26.39 on Wednesday. Verra Mobility Co. has a 12 month low of $18.76 and a 12 month high of $31.03. The company has a quick ratio of 2.47, a current ratio of 2.57 and a debt-to-equity ratio of 2.36. The firm has a market cap of $4.39 billion, a PE ratio of 52.78, a price-to-earnings-growth ratio of 1.73 and a beta of 1.27. The stock has a 50 day moving average of $27.18 and a 200-day moving average of $27.12.

Verra Mobility (NASDAQ:VRRMGet Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. Verra Mobility had a net margin of 11.34% and a return on equity of 39.89%. The firm had revenue of $222.43 million during the quarter, compared to analysts’ expectations of $220.32 million. During the same period in the prior year, the company earned $0.27 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, equities analysts predict that Verra Mobility Co. will post 1.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on VRRM shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Verra Mobility from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Robert W. Baird lifted their target price on shares of Verra Mobility from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Morgan Stanley upped their price target on shares of Verra Mobility from $22.00 to $27.00 and gave the company an “equal weight” rating in a report on Tuesday, August 6th.

Get Our Latest Stock Report on Verra Mobility

Verra Mobility Company Profile

(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.

Recommended Stories

Want to see what other hedge funds are holding VRRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verra Mobility Co. (NASDAQ:VRRMFree Report).

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

Receive News & Ratings for Verra Mobility Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verra Mobility and related companies with MarketBeat.com's FREE daily email newsletter.