Verra Mobility Co. (NASDAQ:VRRM) Shares Purchased by Quest Partners LLC

Quest Partners LLC boosted its stake in Verra Mobility Co. (NASDAQ:VRRM) by 13,071.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 132,767 shares of the company’s stock after buying an additional 131,759 shares during the quarter. Verra Mobility comprises approximately 0.3% of Quest Partners LLC’s portfolio, making the stock its 21st biggest holding. Quest Partners LLC’s holdings in Verra Mobility were worth $3,692,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Crossmark Global Holdings Inc. raised its holdings in shares of Verra Mobility by 1.5% during the second quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company’s stock valued at $742,000 after acquiring an additional 391 shares during the last quarter. US Bancorp DE lifted its holdings in Verra Mobility by 10.3% in the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock valued at $125,000 after purchasing an additional 418 shares in the last quarter. Signaturefd LLC boosted its stake in Verra Mobility by 112.4% during the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after purchasing an additional 561 shares during the last quarter. RiverPark Advisors LLC grew its holdings in shares of Verra Mobility by 3.5% during the third quarter. RiverPark Advisors LLC now owns 19,217 shares of the company’s stock worth $534,000 after buying an additional 642 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Verra Mobility by 27.5% in the third quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock valued at $88,000 after buying an additional 694 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on VRRM. Robert W. Baird dropped their price objective on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Morgan Stanley dropped their price target on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, November 1st.

Verra Mobility Price Performance

Verra Mobility stock opened at $23.42 on Monday. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The stock has a market cap of $3.86 billion, a P/E ratio of 39.03, a PEG ratio of 2.09 and a beta of 1.27. The company has a 50-day moving average price of $26.25 and a 200 day moving average price of $27.10. Verra Mobility Co. has a 12-month low of $19.63 and a 12-month high of $31.03.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The business had revenue of $225.55 million during the quarter, compared to the consensus estimate of $226.65 million. During the same quarter last year, the firm earned $0.27 EPS. The business’s revenue was up 7.4% compared to the same quarter last year. Sell-side analysts anticipate that Verra Mobility Co. will post 1.08 earnings per share 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.