Citigroup Inc. Boosts Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Citigroup Inc. raised its position in Verra Mobility Co. (NASDAQ:VRRM) by 73.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 222,910 shares of the company’s stock after purchasing an additional 94,073 shares during the period. Citigroup Inc.’s holdings in Verra Mobility were worth $6,199,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Crossmark Global Holdings Inc. raised its position in shares of Verra Mobility by 1.5% in the second quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company’s stock valued at $742,000 after buying an additional 391 shares during the last quarter. US Bancorp DE grew its stake in Verra Mobility by 10.3% in the 3rd 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 raised its holdings 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 during the last quarter. RiverPark Advisors LLC lifted its stake in shares of Verra Mobility by 3.5% during 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 holdings in shares of Verra Mobility by 27.5% during the third 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 last quarter.

Analyst Ratings Changes

Several research firms recently weighed in on VRRM. Morgan Stanley reduced their target price on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Robert W. Baird decreased their target price on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st.

Verra Mobility Price Performance

Shares of Verra Mobility stock opened at $23.66 on Monday. The business’s fifty day moving average price is $25.50 and its 200 day moving average price is $26.88. Verra Mobility Co. has a twelve month low of $19.94 and a twelve month 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 capitalization of $3.90 billion, a P/E ratio of 39.43, a PEG ratio of 2.11 and a beta of 1.27.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The business had revenue of $225.55 million for the quarter, compared to analyst estimates of $226.65 million. During the same period in the previous year, the company posted $0.27 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. As a group, research analysts anticipate that Verra Mobility Co. will post 1.08 earnings per share for the current year.

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.