Deutsche Bank AG Trims Position in Verra Mobility Corp $VRRM

Deutsche Bank AG lessened its stake in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 6.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 214,190 shares of the company's stock after selling 13,584 shares during the quarter. Deutsche Bank AG owned about 0.13% of Verra Mobility worth $4,821,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its holdings in Verra Mobility by 18.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,542 shares of the company's stock valued at $170,000 after buying an additional 1,161 shares in the last quarter. US Bancorp DE grew its holdings in Verra Mobility by 76.6% during the 1st quarter. US Bancorp DE now owns 7,782 shares of the company's stock valued at $175,000 after buying an additional 3,376 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Verra Mobility during the 1st quarter valued at about $224,000. Hancock Whitney Corp bought a new stake in shares of Verra Mobility during the 4th quarter valued at about $241,000. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of Verra Mobility by 32.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,451 shares of the company's stock valued at $258,000 after acquiring an additional 2,823 shares during the last quarter.

Verra Mobility Trading Up 2.6%

VRRM stock traded up $0.6390 during midday trading on Friday, hitting $25.2390. The company had a trading volume of 102,592 shares, compared to its average volume of 1,113,644. The company has a current ratio of 2.28, a quick ratio of 2.21 and a debt-to-equity ratio of 2.93. Verra Mobility Corp has a 52 week low of $19.51 and a 52 week high of $28.25. The stock's 50 day moving average price is $24.73 and its 200 day moving average price is $23.67. The stock has a market cap of $4.03 billion, a price-to-earnings ratio of 105.31, a PEG ratio of 2.85 and a beta of 0.79.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.01. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%.The firm had revenue of $236.03 million during the quarter, compared to the consensus estimate of $232.78 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The business's revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts expect that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VRRM. UBS Group dropped their price target on 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 boosted their target price on Verra Mobility from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, Wall Street Zen downgraded Verra Mobility from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $27.88.

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.