LPL Financial LLC Buys 3,604 Shares of Verra Mobility Corp (NASDAQ:VRRM)

LPL Financial LLC increased its holdings in Verra Mobility Corp (NASDAQ:VRRM) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 155,524 shares of the company’s stock after purchasing an additional 3,604 shares during the period. LPL Financial LLC owned approximately 0.10% of Verra Mobility worth $3,501,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in shares of Verra Mobility by 7.2% during the fourth quarter. Wells Fargo & Company MN now owns 197,604 shares of the company’s stock valued at $4,778,000 after purchasing an additional 13,236 shares during the period. Bank of Montreal Can increased its holdings in shares of Verra Mobility by 10.1% during the fourth quarter. Bank of Montreal Can now owns 20,938 shares of the company’s stock valued at $506,000 after acquiring an additional 1,915 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of Verra Mobility during the fourth quarter valued at about $1,436,000. Raymond James Financial Inc. acquired a new position in shares of Verra Mobility during the fourth quarter valued at about $5,218,000. Finally, Barclays PLC boosted its position in Verra Mobility by 2.3% in the fourth quarter. Barclays PLC now owns 301,154 shares of the company’s stock valued at $7,283,000 after buying an additional 6,697 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VRRM. UBS Group dropped their target price on Verra Mobility from $31.50 to $29.50 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Robert W. Baird increased their target price on Verra Mobility from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, May 8th. Wall Street Zen downgraded Verra Mobility from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. Finally, Baird R W raised Verra Mobility from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Verra Mobility presently has a consensus rating of “Buy” and an average price target of $27.38.

Verra Mobility Stock Up 0.7%

Shares of NASDAQ:VRRM opened at $24.29 on Friday. The business has a 50-day moving average price of $24.73 and a 200 day moving average price of $23.73. The company has a current ratio of 2.28, a quick ratio of 2.21 and a debt-to-equity ratio of 2.93. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 101.21, a PEG ratio of 2.84 and a beta of 0.79. Verra Mobility Corp has a 12-month low of $19.51 and a 12-month high of $28.25.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. The company had revenue of $236.03 million during the quarter, compared to the consensus estimate of $232.78 million. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%. Verra Mobility’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS. Sell-side analysts expect that Verra Mobility Corp 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.