Nuveen LLC Takes $10.21 Million Position in Verra Mobility Corp $VRRM

Nuveen LLC acquired a new position in shares of Verra Mobility Corp (NASDAQ:VRRM) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 453,541 shares of the company’s stock, valued at approximately $10,209,000. Nuveen LLC owned about 0.28% of Verra Mobility at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. US Bancorp DE increased its position in Verra Mobility by 76.6% during the first quarter. US Bancorp DE now owns 7,782 shares of the company’s stock worth $175,000 after buying an additional 3,376 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Verra Mobility by 4.2% in the first quarter. Arizona State Retirement System now owns 47,252 shares of the company’s stock valued at $1,064,000 after acquiring an additional 1,891 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Verra Mobility by 2,258.8% in the first quarter. GAMMA Investing LLC now owns 83,242 shares of the company’s stock valued at $1,874,000 after acquiring an additional 79,713 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Verra Mobility in the first quarter valued at $816,000. Finally, Xponance Inc. lifted its position in shares of 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 in the last quarter.

Analyst Ratings Changes

VRRM has been the topic of several recent research reports. UBS Group reduced their price objective 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 upped their price objective on Verra Mobility from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Wall Street Zen downgraded Verra Mobility from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $27.88.

Verra Mobility Stock Up 3.8%

Shares of NASDAQ:VRRM opened at $25.54 on Friday. The stock’s 50-day moving average price is $24.77 and its two-hundred day moving average price is $23.67. The company has a current ratio of 2.28, a quick ratio of 2.21 and a debt-to-equity ratio of 2.93. Verra Mobility Corp has a 12-month low of $19.51 and a 12-month high of $28.25. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 106.42, a PEG ratio of 2.88 and a beta of 0.79.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%.The firm had revenue of $236.03 million for the quarter, compared to analyst estimates of $232.78 million. During the same period last year, the company earned $0.31 EPS. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, research analysts forecast 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.