ZWJ Investment Counsel Inc. Acquires New Position in Verra Mobility Co. (NASDAQ:VRRM)

ZWJ Investment Counsel Inc. acquired a new stake in Verra Mobility Co. (NASDAQ:VRRM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,797 shares of the company’s stock, valued at approximately $213,000.

Other hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Verra Mobility by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock valued at $179,743,000 after buying an additional 36,585 shares during the period. Barclays PLC boosted its position in shares of Verra Mobility by 400.2% during the 3rd quarter. Barclays PLC now owns 294,457 shares of the company’s stock worth $8,189,000 after purchasing an additional 235,589 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Verra Mobility by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,180,519 shares of the company’s stock worth $86,512,000 after purchasing an additional 193,686 shares in the last quarter. State Street Corp boosted its position in shares of Verra Mobility by 6.0% during the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company’s stock worth $175,234,000 after purchasing an additional 357,078 shares in the last quarter. Finally, Braun Stacey Associates Inc. boosted its position in shares of Verra Mobility by 148.0% during the 3rd quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company’s stock worth $12,234,000 after purchasing an additional 262,509 shares in the last quarter.

Verra Mobility Trading Up 2.4 %

Shares of VRRM stock opened at $26.08 on Wednesday. The firm has a 50-day moving average price of $24.02 and a 200 day moving average price of $26.21. Verra Mobility Co. has a twelve month low of $20.26 and a twelve month high of $31.03. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 43.47, a PEG ratio of 2.13 and a beta of 1.23. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm had revenue of $225.55 million during the quarter, compared to the consensus estimate of $226.65 million. During the same quarter in the previous year, the company posted $0.27 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts forecast that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.