Campbell & CO Investment Adviser LLC Buys New Position in Verra Mobility Corp $VRRM

Campbell & CO Investment Adviser LLC purchased a new position in shares of Verra Mobility Corp (NASDAQ:VRRM) in the 2nd quarter, HoldingsChannel reports. The firm purchased 44,725 shares of the company’s stock, valued at approximately $1,136,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Verra Mobility by 12.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,265,348 shares of the company’s stock valued at $231,074,000 after purchasing an additional 1,153,573 shares during the last quarter. Wellington Management Group LLP boosted its position in Verra Mobility by 5.1% during the first quarter. Wellington Management Group LLP now owns 7,922,473 shares of the company’s stock valued at $178,335,000 after acquiring an additional 386,760 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Verra Mobility by 155.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,280,591 shares of the company’s stock worth $118,866,000 after acquiring an additional 3,215,973 shares during the period. Westwood Holdings Group Inc. raised its position in shares of Verra Mobility by 9.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 4,873,442 shares of the company’s stock worth $109,701,000 after acquiring an additional 412,649 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Verra Mobility by 15.8% in the 2nd quarter. William Blair Investment Management LLC now owns 2,582,884 shares of the company’s stock worth $65,579,000 after acquiring an additional 352,942 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently commented on VRRM. Robert W. Baird raised their target price on Verra Mobility from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. UBS Group increased their price target on Verra Mobility from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Wall Street Zen lowered shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Verra Mobility in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $22.91 on Thursday. The company has a current ratio of 2.28, a quick ratio of 2.21 and a debt-to-equity ratio of 2.93. The firm has a fifty day simple moving average of $24.07 and a two-hundred day simple moving average of $24.24. Verra Mobility Corp has a 12 month low of $19.51 and a 12 month high of $27.20. The firm has a market capitalization of $3.66 billion, a PE ratio of 71.60, a price-to-earnings-growth ratio of 2.79 and a beta of 0.76.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The firm had revenue of $261.94 million for the quarter, compared to analyst estimates of $237.68 million. Verra Mobility had a net margin of 5.42% and a return on equity of 65.57%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same period last year, the firm earned $0.32 earnings per share. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. Analysts forecast that Verra Mobility Corp will post 1.08 EPS 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.