Charles Schwab Investment Management Inc. Has $47.82 Million Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Charles Schwab Investment Management Inc. raised its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 2.2% in the third quarter, Holdings Channel reports. The fund owned 1,719,661 shares of the company’s stock after acquiring an additional 37,131 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Verra Mobility were worth $47,824,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Crossmark Global Holdings Inc. raised its holdings in Verra Mobility by 1.5% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company’s stock worth $742,000 after buying an additional 391 shares during the period. US Bancorp DE raised its holdings in shares of Verra Mobility by 10.3% during the third quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after acquiring an additional 418 shares during the period. Signaturefd LLC lifted its position in Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after acquiring an additional 561 shares in the last quarter. RiverPark Advisors LLC boosted its stake in Verra Mobility by 3.5% in the 3rd quarter. RiverPark Advisors LLC now owns 19,217 shares of the company’s stock worth $534,000 after purchasing an additional 642 shares during the period. Finally, Blue Trust Inc. boosted its stake in Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after purchasing an additional 694 shares during the period.

Verra Mobility Stock Performance

Shares of NASDAQ:VRRM opened at $23.66 on Monday. Verra Mobility Co. has a 1 year low of $19.94 and a 1 year high of $31.03. The company’s 50 day simple moving average is $25.50 and its 200 day simple moving average is $26.88. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 39.43, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

Verra Mobility (NASDAQ:VRRM) last posted its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The business had revenue of $225.55 million for the quarter, compared to the consensus estimate of $226.65 million. During the same period last year, the company earned $0.27 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, research analysts predict that Verra Mobility Co. will post 1.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on VRRM. Deutsche Bank Aktiengesellschaft dropped their target price on Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Robert W. Baird reduced their price target on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Morgan Stanley reduced their price objective on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th.

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.