Citigroup Inc. Grows Stock Holdings in Verra Mobility Corp $VRRM

Citigroup Inc. lifted its position in shares of Verra Mobility Corp (NASDAQ:VRRM) by 32.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 413,748 shares of the company’s stock after buying an additional 102,180 shares during the period. Citigroup Inc. owned about 0.26% of Verra Mobility worth $10,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GSA Capital Partners LLP purchased a new position in shares of Verra Mobility during the third quarter worth approximately $436,000. Rothschild Investment LLC raised its position in Verra Mobility by 238.3% in the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock worth $29,000 after purchasing an additional 822 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new stake in Verra Mobility in the third quarter worth $1,929,000. JPMorgan Chase & Co. lifted its stake in Verra Mobility by 4.7% in the third quarter. JPMorgan Chase & Co. now owns 6,223,576 shares of the company’s stock worth $153,722,000 after purchasing an additional 281,465 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in Verra Mobility by 9.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 86,466 shares of the company’s stock valued at $2,136,000 after buying an additional 7,197 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 29th. Morgan Stanley lowered their price objective on Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday. Wall Street Zen cut shares of Verra Mobility from a “strong-buy” rating to a “hold” rating in a report on Saturday. Robert W. Baird set a $24.00 price target on shares of Verra Mobility in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Verra Mobility from $25.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $24.75.

Verra Mobility Price Performance

Shares of Verra Mobility stock opened at $16.71 on Friday. The company has a market cap of $2.67 billion, a PE ratio of 19.66, a P/E/G ratio of 2.66 and a beta of 0.59. The business has a 50 day moving average of $20.53 and a 200 day moving average of $22.47. Verra Mobility Corp has a 52 week low of $15.58 and a 52 week high of $25.83. The company has a quick ratio of 2.35, a current ratio of 2.10 and a debt-to-equity ratio of 3.49.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Tuesday, February 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The company had revenue of $257.86 million for the quarter, compared to analysts’ expectations of $241.17 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was up 16.4% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, equities research analysts forecast that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Verra Mobility Company Profile

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.