Verra Mobility Co. (NASDAQ:VRRM) Shares Purchased by Barclays PLC

Barclays PLC boosted its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 400.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 294,457 shares of the company’s stock after buying an additional 235,589 shares during the period. Barclays PLC’s holdings in Verra Mobility were worth $8,189,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in shares of Verra Mobility by 713.5% during the 2nd quarter. Fifth Third Bancorp now owns 3,124 shares of the company’s stock worth $85,000 after acquiring an additional 2,740 shares during the period. Louisiana State Employees Retirement System raised its stake in Verra Mobility by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 83,800 shares of the company’s stock worth $2,279,000 after purchasing an additional 1,400 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Verra Mobility by 9.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,233,141 shares of the company’s stock valued at $33,541,000 after purchasing an additional 104,267 shares during the last quarter. RiverPark Advisors LLC grew its stake in shares of Verra Mobility by 9.6% during the 2nd quarter. RiverPark Advisors LLC now owns 18,575 shares of the company’s stock valued at $505,000 after buying an additional 1,629 shares during the period. Finally, Legato Capital Management LLC increased its holdings in shares of Verra Mobility by 25.0% during the 2nd quarter. Legato Capital Management LLC now owns 25,438 shares of the company’s stock worth $692,000 after buying an additional 5,081 shares during the last quarter.

Analyst Upgrades and Downgrades

VRRM has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Morgan Stanley decreased their price objective on shares of 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, Robert W. Baird lowered their target price on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, November 1st.

Verra Mobility Trading Down 1.4 %

Shares of NASDAQ VRRM opened at $23.96 on Wednesday. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The stock has a market capitalization of $3.95 billion, a P/E ratio of 39.93, a PEG ratio of 2.12 and a beta of 1.23. Verra Mobility Co. has a 52-week low of $20.26 and a 52-week high of $31.03. The stock’s 50 day moving average price is $24.69 and its two-hundred day moving average price is $26.62.

Verra Mobility (NASDAQ:VRRM) last issued its 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. The firm had revenue of $225.55 million for the quarter, compared to analysts’ expectations of $226.65 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. Verra Mobility’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $0.27 earnings per share. On average, analysts anticipate that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

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.