2 weeks Ago By ABMN Staff
Canada Pension Plan Investment Board acquired a new position in shares of Verra Mobility Co. ( NASDAQ:VRRM – Free Report ) in the 2nd quarter, HoldingsChannel.com reports.
The firm acquired 4,800 shares of the company’s stock, valued at approximately $131,000. Several other hedge funds also recently added to or reduced their stakes in VRRM. Westwood Holdings Group Inc.
acquired a new position in Verra Mobility during the 1st quarter worth $78,881,000. Swedbank AB acquired a new position in Verra Mobility during the 1st quarter worth $26,218,000. Norges Bank acquired a new position in Verra Mobility during the 4th quarter worth $21,740,000.
Lazard Asset Management LLC grew its holdings in Verra Mobility by 244.0% during the 1st quarter. Lazard Asset Management LLC now owns 1,309,245 shares of the company’s stock worth $32,691,000 after acquiring an additional 928,597 shares in the last quarter.
Finally, Summit Creek Advisors LLC bought a new position in shares of Verra Mobility in the 2nd quarter worth about $10,370,000. Analyst Ratings Changes A number of research firms have recently issued reports on VRRM. Deutsche Bank Aktiengesellschaft raised their price target on shares of Verra Mobility from $28.
00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Morgan Stanley raised their price target on shares of Verra Mobility from $22.
00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 6th. Verra Mobility Trading Up 1.
3 % Verra Mobility stock opened at $27.81 on Friday. The company has a market cap of $4.
63 billion, a P/E ratio of 55.62, a PEG ratio of 1.83 and a beta of 1.
27. The firm’s 50-day moving average is $27.93 and its 200-day moving average is $26.
71. Verra Mobility Co. has a 1 year low of $18.
61 and a 1 year high of $31.03. The company has a debt-to-equity ratio of 2.
36, a quick ratio of 2.47 and a current ratio of 2.57.
Verra Mobility ( NASDAQ:VRRM – Get Free Report ) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.
30 by $0.01. The firm had revenue of $222.
43 million for the quarter, compared to the consensus estimate of $220.32 million. Verra Mobility had a net margin of 11.
34% and a return on equity of 39.89%. Verra Mobility’s quarterly revenue was up 8.
8% compared to the same quarter last year. During the same period last year, the firm posted $0.27 EPS.
On average, equities analysts expect that Verra Mobility Co. will post 1.07 earnings per share for the current year.
About Verra Mobility ( Free Report ) 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.
Recommended Stories Want to see what other hedge funds are holding VRRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Verra Mobility Co. ( NASDAQ:VRRM – Free Report ).
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