Susquehanna Fundamental Investments LLC Takes $2.02 Million Position in Verra Mobility Co. (NASDAQ:VRRM)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 83,321 shares of the company's stock, valued at approximately $2,015,000. Susquehanna Fundamental Investments LLC owned about 0.05% of Verra Mobility at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of VRRM. Smartleaf Asset Management LLC lifted its holdings in Verra Mobility by 245.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after buying an additional 1,640 shares during the period. Avanza Fonder AB bought a new position in shares of Verra Mobility in the 4th quarter worth $74,000. Aster Capital Management DIFC Ltd grew its stake in shares of Verra Mobility by 585.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock worth $114,000 after purchasing an additional 4,031 shares during the period. Arcadia Investment Management Corp MI acquired a new position in Verra Mobility in the fourth quarter valued at about $129,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Verra Mobility by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock worth $154,000 after buying an additional 409 shares during the last quarter.

Verra Mobility Price Performance

Verra Mobility stock traded down $0.09 during midday trading on Tuesday, reaching $22.26. The company's stock had a trading volume of 101,369 shares, compared to its average volume of 1,163,224. The business has a 50-day moving average price of $21.66 and a 200-day moving average price of $23.71. Verra Mobility Co. has a 52 week low of $19.51 and a 52 week high of $31.03. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The stock has a market cap of $3.55 billion, a PE ratio of 37.09, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VRRM. Morgan Stanley cut their price target on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, Robert W. Baird raised Verra Mobility from a "neutral" rating to an "outperform" rating and set a $27.00 target price for the company in a report on Tuesday, April 22nd.

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.