Verra Mobility Co. (NASDAQ:VRRM) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC raised its stake in Verra Mobility Co. (NASDAQ:VRRM) by 61.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,059 shares of the company’s stock after purchasing 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 (SEC).

A number of other hedge funds also recently bought and sold shares of VRRM. O Shaughnessy Asset Management LLC increased its holdings in shares of Verra Mobility by 17.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 12,270 shares of the company’s stock valued at $306,000 after acquiring an additional 1,829 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Verra Mobility by 16,613.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 143,901 shares of the company’s stock valued at $3,593,000 after acquiring an additional 143,040 shares during the last quarter. Swedbank AB purchased a new position in shares of Verra Mobility in the 1st quarter valued at about $26,218,000. GAMMA Investing LLC increased its holdings in shares of Verra Mobility by 36.2% in the 2nd quarter. GAMMA Investing LLC now owns 4,169 shares of the company’s stock valued at $113,000 after acquiring an additional 1,108 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Verra Mobility by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 242,494 shares of the company’s stock valued at $6,596,000 after acquiring an additional 177,550 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently commented on VRRM shares. Robert W. Baird dropped their price objective on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. 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 note on Friday, November 1st. Finally, 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 note on Wednesday, October 30th.

Verra Mobility Trading Down 0.2 %

NASDAQ:VRRM opened at $23.57 on Friday. The stock’s 50 day moving average price is $25.67 and its 200 day moving average price is $26.93. The company has a market capitalization of $3.88 billion, a PE ratio of 39.28, a P/E/G ratio of 2.14 and a beta of 1.27. 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 Co. has a 52-week low of $19.67 and a 52-week high of $31.03.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The company had revenue of $225.55 million for the quarter, compared to the consensus estimate of $226.65 million. During the same period last year, the business posted $0.27 EPS. The company’s revenue was up 7.4% on a year-over-year basis. On average, research analysts anticipate that Verra Mobility Co. will post 1.08 EPS 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.