Verra Mobility Co. (NASDAQ:VRRM) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 23.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,643,241 shares of the company’s stock after buying an additional 313,080 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.00% of Verra Mobility worth $45,699,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of VRRM. Quest Partners LLC lifted its stake in Verra Mobility by 1,732.7% in the second quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock valued at $27,000 after buying an additional 953 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after acquiring an additional 561 shares during the period. First Horizon Advisors Inc. lifted its position in Verra Mobility by 192.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock valued at $32,000 after purchasing an additional 745 shares during the last quarter. Fifth Third Bancorp boosted its stake in Verra Mobility by 713.5% during the 2nd quarter. Fifth Third Bancorp now owns 3,124 shares of the company’s stock valued at $85,000 after purchasing an additional 2,740 shares during the period. Finally, Blue Trust Inc. grew its position in Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after purchasing an additional 694 shares during the last quarter.

Verra Mobility Price Performance

Shares of NASDAQ:VRRM opened at $23.48 on Wednesday. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 2.12 and a beta of 1.23. The stock’s 50 day moving average price is $25.42 and its 200 day moving average price is $26.85. Verra Mobility Co. has a 12 month low of $20.25 and a 12 month high of $31.03.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The business had revenue of $225.55 million during the quarter, compared to analyst estimates of $226.65 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 earnings per share. Equities research analysts anticipate that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

VRRM has been the topic of a number of recent analyst reports. Morgan Stanley cut their price target on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reduced their price target on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Robert W. Baird lowered their price target on 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 Company 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.