US Bancorp DE Has $175,000 Stake in Verra Mobility Corp (NASDAQ:VRRM)

US Bancorp DE boosted its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM) by 76.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,782 shares of the company’s stock after purchasing an additional 3,376 shares during the period. US Bancorp DE’s holdings in Verra Mobility were worth $175,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VRRM. Hancock Whitney Corp acquired a new stake in shares of Verra Mobility during the fourth quarter worth $241,000. Oppenheimer Asset Management Inc. grew its stake in shares of Verra Mobility by 32.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 11,451 shares of the company’s stock worth $258,000 after purchasing an additional 2,823 shares during the period. Freestone Grove Partners LP acquired a new stake in shares of Verra Mobility during the fourth quarter worth $277,000. Xponance Inc. grew its stake in Verra Mobility by 4.9% in the first quarter. Xponance Inc. now owns 12,451 shares of the company’s stock valued at $280,000 after acquiring an additional 586 shares during the period. Finally, Armis Advisers LLC bought a new stake in shares of Verra Mobility in the fourth quarter worth about $307,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on VRRM shares. UBS Group lowered their price target on Verra Mobility from $31.50 to $29.50 and set a “buy” rating for the company in a report on Thursday, May 8th. Baird R W upgraded Verra Mobility from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. Wall Street Zen lowered Verra Mobility from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. Finally, Robert W. Baird upped their target price on Verra Mobility from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, May 8th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $27.38.

Verra Mobility Stock Up 0.7%

VRRM stock opened at $24.29 on Friday. 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 firm has a market capitalization of $3.87 billion, a PE ratio of 101.21, a PEG ratio of 2.84 and a beta of 0.79. Verra Mobility Corp has a 1-year low of $19.51 and a 1-year high of $28.25. The business’s 50 day simple moving average is $24.73 and its 200 day simple moving average is $23.73.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The company had revenue of $236.03 million for the quarter, compared to analyst estimates of $232.78 million. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share. As a group, research analysts anticipate that Verra Mobility Corp will post 1.08 EPS for the current year.

Verra Mobility 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.