Petrus Trust Company LTA Takes Position in Verra Mobility Corp $VRRM

Key Points

• Petrus Trust Company LTA has acquired a new stake in Verra Mobility Corp, purchasing 34,346 shares valued at approximately $773,000 during the first quarter.
• Verra Mobility's recent quarterly earnings showed a reported EPS of $0.34, exceeding analyst expectations, with revenue up 6.1% year-over-year.
• Several analysts have positive ratings on Verra Mobility, with an average target price of $27.88, and the stock currently holds a consensus rating of "Buy."

Petrus Trust Company LTA purchased a new stake in Verra Mobility Corp (NASDAQ:VRRM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 34,346 shares of the company's stock, valued at approximately $773,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VRRM. Price T Rowe Associates Inc. MD raised its stake in Verra Mobility by 12.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,265,348 shares of the company's stock valued at $231,074,000 after purchasing an additional 1,153,573 shares in the last quarter. Westwood Holdings Group Inc. boosted 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 purchasing an additional 994,775 shares in the last quarter. Sunriver Management LLC boosted its holdings in shares of Verra Mobility by 38.6% in the 1st quarter. Sunriver Management LLC now owns 1,920,395 shares of the company's stock valued at $43,228,000 after purchasing an additional 534,810 shares in the last quarter. Sycale Advisors NY LLC acquired a new stake in shares of Verra Mobility in the 4th quarter valued at $12,654,000. Finally, Tidal Investments LLC acquired a new stake in shares of Verra Mobility in the 4th quarter valued at $11,755,000.

Analyst Upgrades and Downgrades

VRRM has been the topic of a number of research analyst reports. Wall Street Zen downgraded Verra Mobility from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Robert W. Baird lifted their target price on Verra Mobility from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $27.88.

Verra Mobility Price Performance

Verra Mobility stock traded down $0.03 during midday trading on Tuesday, reaching $24.42. The company's stock had a trading volume of 579,120 shares, compared to its average volume of 729,833. Verra Mobility Corp has a 52 week low of $19.51 and a 52 week high of $28.25. The company has a current ratio of 2.28, a quick ratio of 2.21 and a debt-to-equity ratio of 2.93. The business has a 50-day moving average price of $24.80 and a 200-day moving average price of $23.54. The stock has a market cap of $3.90 billion, a PE ratio of 101.75, a price-to-earnings-growth ratio of 2.86 and a beta of 0.80.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $232.78 million. During the same period last year, the firm posted $0.31 earnings per share. The business's revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts predict that Verra Mobility Corp will post 1.08 EPS 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.