UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $118.87 Million 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 increased its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 155.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,280,591 shares of the company's stock after buying an additional 3,215,973 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 3.31% of Verra Mobility worth $118,866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Verra Mobility by 12.7% during 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 buying an additional 1,153,573 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Verra Mobility by 5.1% during the first quarter. Wellington Management Group LLP now owns 7,922,473 shares of the company's stock valued at $178,335,000 after buying an additional 386,760 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Verra Mobility by 9.3% during the first quarter. Westwood Holdings Group Inc. now owns 4,873,442 shares of the company's stock valued at $109,701,000 after buying an additional 412,649 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Verra Mobility by 3.5% during the first quarter. Northern Trust Corp now owns 2,426,306 shares of the company's stock valued at $54,616,000 after buying an additional 83,168 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Verra Mobility by 10.8% during the first quarter. American Century Companies Inc. now owns 2,311,408 shares of the company's stock valued at $52,030,000 after buying an additional 225,359 shares in the last quarter.

Verra Mobility Stock Up 2.3%

Shares of VRRM traded up $0.56 during trading hours on Thursday, hitting $24.66. 303,565 shares of the company were exchanged, compared to its average volume of 1,083,777. The firm's 50 day moving average is $24.68 and its 200-day moving average is $23.51. 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 $3.93 billion, a PE ratio of 102.74, a PEG ratio of 2.81 and a beta of 0.80. Verra Mobility Corp has a 52 week low of $19.51 and a 52 week high of $28.25.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen cut Verra Mobility from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Robert W. Baird lifted their price objective 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 issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Verra Mobility presently has an average rating of "Buy" and an average price target 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.