Freestone Grove Partners LP Invests $277,000 in Verra Mobility Co. (NASDAQ:VRRM)

Freestone Grove Partners LP acquired a new position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,464 shares of the company's stock, valued at approximately $277,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of Verra Mobility by 400.2% in the 3rd quarter. Barclays PLC now owns 294,457 shares of the company's stock worth $8,189,000 after acquiring an additional 235,589 shares during the period. LPL Financial LLC grew its position in shares of Verra Mobility by 8.4% during the 4th quarter. LPL Financial LLC now owns 151,920 shares of the company's stock worth $3,673,000 after buying an additional 11,772 shares during the period. Union Bancaire Privee UBP SA bought a new position in Verra Mobility during the 4th quarter worth approximately $2,348,000. Smartleaf Asset Management LLC raised its stake in Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after buying an additional 1,640 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Verra Mobility by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company's stock worth $104,464,000 after purchasing an additional 225,585 shares in the last quarter.

Verra Mobility Stock Performance

Shares of Verra Mobility stock remained flat at $24.28 during trading on Friday. 1,255,155 shares of the stock traded hands, compared to its average volume of 1,170,781. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The company's 50 day moving average price is $21.60 and its 200-day moving average price is $23.67. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 40.47, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80. Verra Mobility Co. has a 52-week low of $19.51 and a 52-week high of $31.03.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley decreased their target price 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. Robert W. Baird upped their price target on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday. Finally, UBS Group reduced their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $27.38.

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.