Verra Mobility Co. (NASDAQ:VRRM) Shares Purchased by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. raised its stake in Verra Mobility Co. (NASDAQ:VRRM) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,931 shares of the company’s stock after acquiring an additional 3,819 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Verra Mobility were worth $1,715,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tealwood Asset Management Inc. raised its position in shares of Verra Mobility by 1.4% in the fourth quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company’s stock valued at $1,069,000 after buying an additional 592 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Verra Mobility by 1.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 615,905 shares of the company’s stock worth $14,893,000 after acquiring an additional 10,054 shares during the period. JPMorgan Chase & Co. raised its holdings in Verra Mobility by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock valued at $179,743,000 after acquiring an additional 36,585 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Verra Mobility by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company’s stock worth $104,464,000 after purchasing an additional 225,585 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Verra Mobility by 13.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,814,342 shares of the company’s stock worth $48,987,000 after buying an additional 219,071 shares during the last quarter.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $25.18 on Thursday. The company’s fifty day simple moving average is $23.82 and its 200-day simple moving average is $26.27. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a 52 week low of $20.26 and a 52 week high of $31.03. The company has a market cap of $4.15 billion, a PE ratio of 41.97, a P/E/G ratio of 2.12 and a beta of 1.23.

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

Wall Street Analysts Forecast Growth

VRRM has been the subject of a number of research analyst reports. Morgan Stanley dropped 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 note on Wednesday, October 30th. Robert W. Baird reduced their target price on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, November 1st.

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.