Verra Mobility Co. (NASDAQ:VRRM) Shares Bought by Deutsche Bank AG

Deutsche Bank AG boosted 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 Form 13F filing with the Securities and Exchange Commission (SEC). 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 0.14% of Verra Mobility worth $5,508,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in shares of Verra Mobility by 2,915.3% in the fourth quarter. American Century Companies Inc. now owns 2,086,049 shares of the company's stock valued at $50,441,000 after purchasing an additional 2,016,866 shares during the period. Norges Bank purchased a new position in Verra Mobility in the fourth quarter worth approximately $46,156,000. Sunriver Management LLC purchased a new position in Verra Mobility in the fourth quarter worth approximately $33,503,000. Price T Rowe Associates Inc. MD lifted its stake in Verra Mobility by 10.1% in 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 acquiring an additional 837,648 shares during the last quarter. Finally, Schroder Investment Management Group lifted its stake in Verra Mobility by 46.6% in the fourth quarter. Schroder Investment Management Group now owns 969,338 shares of the company's stock worth $23,361,000 after acquiring an additional 308,187 shares during the last quarter.

Verra Mobility Stock Performance

Shares of Verra Mobility stock traded down $0.64 during trading on Wednesday, reaching $23.89. The company's stock had a trading volume of 904,710 shares, compared to its average volume of 1,185,063. The company has a 50-day moving average price of $22.16 and a two-hundred day moving average price of $23.54. The firm has a market cap of $3.81 billion, a PE ratio of 39.82, a P/E/G ratio of 2.18 and a beta of 0.80. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week high of $31.03. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VRRM. UBS Group decreased 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 note on Thursday, May 8th. Morgan Stanley cut their price objective on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Robert W. Baird raised 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. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Verra Mobility currently has an average rating of "Buy" and an average target price of $27.38.

Insider Activity

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of the business's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $24.28, for a total value of $454,497.32. Following the transaction, the insider now directly owns 1,179 shares of the company's stock, valued at approximately $28,626.12. The trade was a 94.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.05% of the company's stock.

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.