BankPlus Trust Department Invests $184,000 in Verra Mobility Co. (NASDAQ:VRRM)

BankPlus Trust Department bought a new position in Verra Mobility Co. (NASDAQ:VRRM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,599 shares of the company’s stock, valued at approximately $184,000.

Several other hedge funds also recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of Verra Mobility by 10.3% in the third quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after buying an additional 418 shares during the period. Signaturefd LLC increased its stake in shares of Verra Mobility by 112.4% in the third quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after buying an additional 561 shares during the period. Tealwood Asset Management Inc. increased its stake in shares of Verra Mobility by 1.4% in the fourth quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company’s stock worth $1,069,000 after buying an additional 592 shares during the period. RiverPark Advisors LLC increased its position in Verra Mobility by 3.5% during the 3rd quarter. RiverPark Advisors LLC now owns 19,217 shares of the company’s stock valued at $534,000 after purchasing an additional 642 shares during the period. Finally, Blue Trust Inc. increased its position in Verra Mobility by 27.5% during the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock valued at $88,000 after purchasing an additional 694 shares during the period.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Robert W. Baird reduced 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. Morgan Stanley reduced their price objective 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. Finally, Deutsche Bank Aktiengesellschaft reduced 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.

Verra Mobility Stock Performance

Shares of Verra Mobility stock opened at $25.84 on Tuesday. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 43.07, a PEG ratio of 2.18 and a beta of 1.24. The firm’s 50-day moving average is $25.31 and its 200 day moving average is $25.68. Verra Mobility Co. has a 1 year low of $20.26 and a 1 year high of $31.03. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52.

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.