Freestone Grove Partners LP Purchases Shares of 11,464 Verra Mobility Co. (NASDAQ:VRRM)

Freestone Grove Partners LP purchased a new stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,464 shares of the company's stock, valued at approximately $277,000.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Verra Mobility by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company's stock valued at $425,861,000 after acquiring an additional 159,348 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Verra Mobility by 10.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company's stock valued at $220,323,000 after purchasing an additional 837,648 shares during the last quarter. Handelsbanken Fonder AB boosted its holdings in shares of Verra Mobility by 5.0% in the 4th quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company's stock worth $101,938,000 after purchasing an additional 200,000 shares during the period. Principal Financial Group Inc. raised its holdings 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 valued at $104,464,000 after buying an additional 225,585 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Verra Mobility by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,268,729 shares of the company's stock valued at $79,037,000 after acquiring an additional 71,031 shares during the last quarter.

Verra Mobility Price Performance

VRRM stock remained flat at $24.28 during mid-day trading on Friday. 1,255,155 shares of the company's stock were exchanged, compared to its average volume of 1,172,894. The business has a 50 day moving average of $21.64 and a 200 day moving average of $23.64. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility Co. has a twelve month low of $19.51 and a twelve month high of $31.03. The stock has a market cap of $3.87 billion, a P/E ratio of 40.47, a PEG ratio of 2.18 and a beta of 0.80.

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on VRRM. Morgan Stanley lowered their target price on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. UBS Group decreased their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research note on Thursday. Robert W. Baird upped their target price on Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Baird R W upgraded Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $27.38.

Verra Mobility Company 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.