Natixis Advisors LLC Makes New Investment in Verra Mobility Corp (NASDAQ:VRRM)

Key Points

• Natixis Advisors LLC acquired a new position in Verra Mobility Corp, purchasing 15,211 shares valued at approximately $342,000 in the first quarter.
• Verra Mobility reported a quarterly earnings per share (EPS) of $0.34, surpassing analysts' expectations of $0.33, with a revenue increase of 6.1% year-over-year.
• Analysts have varied opinions on Verra Mobility's stock, with price targets ranging from $27.00 to $31.50 and an average rating of "Buy".

Natixis Advisors LLC acquired a new position in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 15,211 shares of the company's stock, valued at approximately $342,000.

Several other institutional investors have also modified their holdings of the stock. Sunriver Management LLC acquired a new position in shares of Verra Mobility in the 4th quarter valued at $33,503,000. Westwood Holdings Group Inc. increased its holdings in shares of Verra Mobility by 28.7% in the 4th quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company's stock valued at $107,862,000 after acquiring an additional 994,775 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Verra Mobility by 10.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company's stock valued at $220,323,000 after acquiring an additional 837,648 shares during the period. Sycale Advisors NY LLC acquired a new position in shares of Verra Mobility in the 4th quarter valued at $12,654,000. Finally, Tidal Investments LLC acquired a new position in shares of Verra Mobility in the 4th quarter valued at $11,755,000.

Wall Street Analysts Forecast Growth

VRRM has been the subject of a number of analyst reports. 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. UBS Group lowered their price target on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating on the stock in a research note on Thursday, May 8th. 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. Finally, Robert W. Baird upped their price target on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $27.38.

Verra Mobility Trading Up 0.3%

Shares of VRRM stock traded up $0.08 during trading hours on Friday, hitting $24.20. 242,890 shares of the company were exchanged, compared to its average volume of 1,126,822. Verra Mobility Corp has a 1 year low of $19.51 and a 1 year high of $28.25. The firm has a fifty day moving average of $24.74 and a 200 day moving average of $23.75. The company has a quick ratio of 2.21, a current ratio of 2.28 and a debt-to-equity ratio of 2.93. The firm has a market cap of $3.86 billion, a PE ratio of 100.92, a PEG ratio of 2.90 and a beta of 0.79.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping 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 business's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share. Analysts expect that Verra Mobility Corp will post 1.08 earnings per share for the current 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.