Stifel Financial Corp Has $1.59 Million Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Stifel Financial Corp raised its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 179.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 57,186 shares of the company’s stock after purchasing an additional 36,705 shares during the period. Stifel Financial Corp’s holdings in Verra Mobility were worth $1,590,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC raised its position in shares of Verra Mobility by 3.1% in the third quarter. Integrated Wealth Concepts LLC now owns 27,813 shares of the company’s stock valued at $774,000 after purchasing an additional 844 shares during the period. Edgestream Partners L.P. bought a new stake in shares of Verra Mobility in the 3rd quarter worth about $7,039,000. Verition Fund Management LLC acquired a new stake in Verra Mobility during the 3rd quarter valued at $386,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Verra Mobility by 23.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,643,241 shares of the company’s stock worth $45,699,000 after purchasing an additional 313,080 shares in the last quarter. Finally, CreativeOne Wealth LLC bought a new position in Verra Mobility in the third quarter valued at about $910,000.

Verra Mobility Stock Up 0.1 %

NASDAQ VRRM opened at $23.66 on Friday. Verra Mobility Co. has a fifty-two week low of $20.26 and a fifty-two week high of $31.03. The business has a fifty day moving average price of $24.48 and a two-hundred day moving average price of $26.55. 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 PE ratio of 39.43, a PEG ratio of 2.12 and a beta of 1.23.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $226.65 million. During the same period in the prior year, the company earned $0.27 EPS. Verra Mobility’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts expect that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.