Russell Investments Group Ltd. Grows Holdings in Verra Mobility Corp $VRRM

Russell Investments Group Ltd. grew its stake in Verra Mobility Corp (NASDAQ:VRRM) by 115.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,818 shares of the company’s stock after buying an additional 74,513 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of Verra Mobility worth $3,125,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Xponance Inc. grew its stake in Verra Mobility by 4.9% in the 1st quarter. Xponance Inc. now owns 12,451 shares of the company’s stock worth $280,000 after buying an additional 586 shares in the last quarter. Townsquare Capital LLC boosted its stake in shares of Verra Mobility by 5.9% in the 1st quarter. Townsquare Capital LLC now owns 12,110 shares of the company’s stock valued at $273,000 after purchasing an additional 674 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Verra Mobility by 7.9% in the 1st quarter. HighTower Advisors LLC now owns 12,433 shares of the company’s stock valued at $280,000 after purchasing an additional 911 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Verra Mobility by 18.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,542 shares of the company’s stock valued at $170,000 after purchasing an additional 1,161 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Verra Mobility by 9.8% in the 4th quarter. Cetera Investment Advisers now owns 13,695 shares of the company’s stock valued at $331,000 after purchasing an additional 1,218 shares in the last quarter.

Verra Mobility Trading Up 3.8%

Shares of VRRM opened at $25.54 on Monday. The stock has a market capitalization of $4.07 billion, a P/E ratio of 106.42, a PEG ratio of 2.99 and a beta of 0.79. The company has a quick ratio of 2.21, a current ratio of 2.28 and a debt-to-equity ratio of 2.93. The firm has a fifty day simple moving average of $24.77 and a two-hundred day simple moving average of $23.64. Verra Mobility Corp has a twelve month low of $19.51 and a twelve month high of $28.25.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly 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 business had revenue of $236.03 million during the quarter, compared to analysts’ expectations of $232.78 million. Verra Mobility had a net margin of 4.30% and a return on equity of 55.14%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 EPS. On average, research analysts anticipate that Verra Mobility Corp will post 1.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VRRM. UBS Group cut their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a “buy” rating for the company in a research note on Thursday, May 8th. Wall Street Zen cut shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. Finally, Robert W. Baird upped their price objective on shares of Verra Mobility from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $27.88.

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.