Perpetual Ltd Has $6.60 Million Stake in Verra Mobility Co. (NASDAQ:VRRM)

Perpetual Ltd lifted its position in shares of Verra Mobility Co. (NASDAQ:VRRM) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272,898 shares of the company’s stock after buying an additional 30,030 shares during the quarter. Perpetual Ltd’s holdings in Verra Mobility were worth $6,599,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Verra Mobility by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock worth $179,743,000 after acquiring 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 valued at $8,189,000 after purchasing an additional 235,589 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Verra Mobility by 6.5% during the second 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 during the period. State Street Corp increased its holdings in Verra Mobility by 6.0% in the third 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. lifted its stake in Verra Mobility by 148.0% in the third quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company’s stock valued at $12,234,000 after buying an additional 262,509 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on VRRM. Morgan Stanley reduced 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. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Robert W. Baird dropped their price objective on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, November 1st.

Verra Mobility Trading Up 2.4 %

NASDAQ VRRM opened at $26.08 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. Verra Mobility Co. has a 52 week low of $20.26 and a 52 week high of $31.03. The business has a 50 day moving average price of $24.02 and a 200-day moving average price of $26.21. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 43.47, a P/E/G ratio of 2.13 and a beta of 1.23.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, meeting 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 analyst estimates of $226.65 million. During the same quarter in the previous year, the business posted $0.27 EPS. Verra Mobility’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities analysts expect 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.