Deutsche Bank AG Raises Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Deutsche Bank AG lifted its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 27.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 227,774 shares of the company's stock after buying an additional 48,727 shares during the quarter. Deutsche Bank AG owned about 0.14% of Verra Mobility worth $5,508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of VRRM. Smartleaf Asset Management LLC grew its position in Verra Mobility by 245.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after purchasing an additional 1,640 shares during the period. Avanza Fonder AB acquired a new stake in Verra Mobility in the 4th quarter valued at $74,000. Aster Capital Management DIFC Ltd grew its position in Verra Mobility by 585.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock valued at $114,000 after purchasing an additional 4,031 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in Verra Mobility in the 4th quarter valued at $129,000. Finally, PNC Financial Services Group Inc. grew its position in Verra Mobility by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock valued at $154,000 after purchasing an additional 409 shares during the period.

Insider Activity

In other news, insider Jonathan Keyser sold 18,719 shares of the company's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $24.28, for a total transaction of $454,497.32. Following the sale, the insider now directly owns 1,179 shares in the company, valued at $28,626.12. This represents a 94.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.05% of the company's stock.

Analyst Ratings Changes

VRRM has been the subject of several research reports. Morgan Stanley reduced 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 reduced 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, May 8th. Robert W. Baird lifted their price objective on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $27.38.

Verra Mobility Stock Performance

Verra Mobility stock traded down $0.30 during midday trading on Friday, reaching $23.46. The stock had a trading volume of 627,648 shares, compared to its average volume of 1,184,619. Verra Mobility Co. has a 12 month low of $19.51 and a 12 month high of $31.03. The firm's 50-day moving average price is $22.28 and its 200 day moving average price is $23.55. The firm has a market capitalization of $3.74 billion, a PE ratio of 39.10, a P/E/G ratio of 2.18 and a beta of 0.80. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

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

Verra Mobility 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.