UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $118.87 Million Stock Holdings in Verra Mobility Corp $VRRM

Key Points

• UBS Asset Management significantly increased its holdings in Verra Mobility Corp by 155.8% during the first quarter, now owning about 3.31% of the company, valued at approximately $118.87 million.
• Verra Mobility's stock recently experienced a 1.9% decline and has a market cap of $3.92 billion, with earnings per share reported at $0.34 for the last quarter.
• Wall Street analysts have mixed views on Verra Mobility, with one firm upgrading its target price from $28.00 to $30.00, while the stock has an average target price of $27.88 and a general rating of "Buy".

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 155.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,280,591 shares of the company's stock after purchasing an additional 3,215,973 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 3.31% of Verra Mobility worth $118,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. US Bancorp DE grew its stake in shares of Verra Mobility by 76.6% in the 1st quarter. US Bancorp DE now owns 7,782 shares of the company's stock valued at $175,000 after purchasing an additional 3,376 shares during the period. Arizona State Retirement System grew its stake in shares of Verra Mobility by 4.2% in the 1st quarter. Arizona State Retirement System now owns 47,252 shares of the company's stock valued at $1,064,000 after purchasing an additional 1,891 shares during the period. Punch & Associates Investment Management Inc. grew its stake in shares of Verra Mobility by 2.4% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 1,121,731 shares of the company's stock valued at $25,250,000 after purchasing an additional 26,067 shares during the period. GAMMA Investing LLC grew its stake in shares of Verra Mobility by 2,258.8% in the 1st quarter. GAMMA Investing LLC now owns 83,242 shares of the company's stock valued at $1,874,000 after purchasing an additional 79,713 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Verra Mobility in the 1st quarter valued at approximately $816,000.

Verra Mobility Stock Down 1.9%

NASDAQ:VRRM opened at $24.59 on Friday. The stock's fifty day moving average price is $24.74 and its two-hundred day moving average price is $23.53. Verra Mobility Corp has a 52-week low of $19.51 and a 52-week high of $28.25. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.21 and a current ratio of 2.28. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 102.46, a P/E/G ratio of 2.93 and a beta of 0.80.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $232.78 million. During the same quarter in the prior year, the business earned $0.31 EPS. The business's revenue for the quarter was up 6.1% compared to the same quarter last year. On average, analysts anticipate that Verra Mobility Corp will post 1.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on VRRM. Wall Street Zen lowered Verra Mobility from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. 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 report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $27.88.

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.

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