Algert Global LLC Invests $487,000 in Verra Mobility Co. (NASDAQ:VRRM)

Algert Global LLC purchased a new position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,146 shares of the company's stock, valued at approximately $487,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Freestone Grove Partners LP purchased a new position in Verra Mobility during the fourth quarter worth about $277,000. Northern Trust Corp raised its stake in Verra Mobility by 1.7% during the fourth quarter. Northern Trust Corp now owns 2,343,138 shares of the company's stock worth $56,657,000 after purchasing an additional 39,777 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Verra Mobility during the fourth quarter worth about $2,015,000. Hancock Whitney Corp purchased a new position in Verra Mobility during the fourth quarter worth about $241,000. Finally, Price T Rowe Associates Inc. MD raised its stake in 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 purchasing an additional 837,648 shares during the period.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $24.28 on Monday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The stock has a market capitalization of $3.87 billion, a P/E ratio of 40.47, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80. The company has a 50 day moving average price of $21.64 and a 200 day moving average price of $23.62. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week high of $31.03.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The company had revenue of $223.25 million during the quarter, compared to analysts' expectations of $216.94 million. During the same quarter in the previous year, the business posted $0.27 EPS. The firm's revenue was up 6.5% on a year-over-year basis. Equities research analysts predict that Verra Mobility Co. will post 1.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VRRM. Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Morgan Stanley dropped their price target on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. UBS Group dropped their price target 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. Finally, Robert W. Baird lifted their price target on shares of Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Thursday. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $27.38.

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.

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