Caitong International Asset Management Co. Ltd Purchases 1,773 Shares of Verra Mobility Corp $VRRM

Caitong International Asset Management Co. Ltd raised its position in Verra Mobility Corp (NASDAQ:VRRM) by 13,638.5% in the 1st quarter, Holdings Channel reports. The firm owned 1,786 shares of the company’s stock after buying an additional 1,773 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Verra Mobility were worth $40,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of VRRM. Westwood Holdings Group Inc. increased its stake in Verra Mobility by 28.7% in the fourth quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company’s stock valued at $107,862,000 after purchasing an additional 994,775 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Verra Mobility by 10.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company’s stock worth $220,323,000 after acquiring an additional 837,648 shares in the last quarter. Sycale Advisors NY LLC bought a new stake in shares of Verra Mobility during the fourth quarter worth $12,654,000. Tidal Investments LLC bought a new stake in shares of Verra Mobility during the fourth quarter worth $11,755,000. Finally, Nuveen LLC bought a new stake in shares of Verra Mobility during the first quarter worth $10,209,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on VRRM shares. Robert W. Baird increased their price objective on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Baird R W raised shares of Verra Mobility from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd. UBS Group lowered their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a “buy” rating for the company in a research report on Thursday, May 8th. Finally, Wall Street Zen downgraded shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Verra Mobility has a consensus rating of “Buy” and an average target price of $27.38.

Verra Mobility Stock Up 0.7%

Verra Mobility stock opened at $24.29 on Monday. The company has a market cap of $3.88 billion, a P/E ratio of 101.21, a price-to-earnings-growth ratio of 2.84 and a beta of 0.79. Verra Mobility Corp has a 1-year low of $19.51 and a 1-year high of $28.25. The company has a fifty day simple moving average of $24.73 and a 200 day simple moving average of $23.69. The company has a current ratio of 2.28, a quick ratio of 2.21 and a debt-to-equity ratio of 2.93.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $236.03 million during the quarter, compared to the consensus estimate of $232.78 million. Verra Mobility had a net margin of 4.30% and a return on equity of 55.14%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 earnings per share. Research analysts anticipate that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

About Verra Mobility

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.