Quest Partners LLC Increases Position in Verra Mobility Co. (NASDAQ:VRRM)

Quest Partners LLC increased its position in Verra Mobility Co. (NASDAQ:VRRM) by 13,071.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,767 shares of the company’s stock after acquiring an additional 131,759 shares during the period. Verra Mobility makes up about 0.3% of Quest Partners LLC’s portfolio, making the stock its 21st biggest holding. Quest Partners LLC owned about 0.08% of Verra Mobility worth $3,692,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. raised its stake 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 worth $742,000 after purchasing an additional 391 shares during the last quarter. US Bancorp DE increased its holdings 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 buying an additional 418 shares during the period. Signaturefd LLC increased its holdings in Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after buying an additional 561 shares during the period. RiverPark Advisors LLC raised its position in 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 buying an additional 642 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Verra Mobility by 27.5% during the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock valued at $88,000 after acquiring an additional 694 shares during the period.

Analyst Ratings Changes

A number of research firms have recently weighed in on VRRM. Robert W. Baird cut their price objective on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price target 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. Finally, Morgan Stanley decreased 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 Stock Performance

VRRM opened at $23.42 on Monday. The firm has a fifty day moving average price of $26.25 and a 200 day moving average price of $27.10. Verra Mobility Co. has a 1 year low of $19.63 and a 1 year high of $31.03. The stock has a market cap of $3.86 billion, a P/E ratio of 39.03, a P/E/G ratio of 2.09 and a beta of 1.27. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $226.65 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that Verra Mobility Co. will post 1.08 earnings per share for the current year.

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.