Ausbil Investment Management Ltd Acquires Shares of 9,198 Verra Mobility Co. (NASDAQ:VRRM)

Ausbil Investment Management Ltd bought a new position in shares of Verra Mobility Co. (NASDAQ:VRRM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,198 shares of the company’s stock, valued at approximately $223,000.

Several other institutional investors have also modified their holdings of the business. Wellington Management Group LLP raised its position in shares of Verra Mobility by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock valued at $224,310,000 after purchasing an additional 941,127 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Verra Mobility by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock worth $179,743,000 after purchasing an additional 36,585 shares during the last quarter. State Street Corp lifted its position in shares of Verra Mobility by 6.0% during the third quarter. State Street Corp now owns 6,301,131 shares of the company’s stock worth $175,234,000 after purchasing an additional 357,078 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Verra Mobility by 7.0% in the third quarter. Handelsbanken Fonder AB now owns 4,015,800 shares of the company’s stock valued at $111,679,000 after buying an additional 261,500 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Verra Mobility by 0.5% during the third quarter. Geode Capital Management LLC now owns 3,904,750 shares of the company’s stock valued at $108,612,000 after buying an additional 17,688 shares in the last quarter.

Verra Mobility Trading Down 1.3 %

Shares of NASDAQ VRRM opened at $26.39 on Friday. Verra Mobility Co. has a 12-month low of $20.26 and a 12-month high of $31.03. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 43.98, a price-to-earnings-growth ratio of 2.21 and a beta of 1.23. 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’s 50 day simple moving average is $24.55 and its 200 day simple moving average is $26.13.

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

Analyst Ratings Changes

VRRM has been the subject of several research reports. Morgan Stanley decreased their target price on 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. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Finally, Robert W. Baird dropped their target price on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, November 1st.

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.