Harbor Capital Advisors Inc. Boosts Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Harbor Capital Advisors Inc. lifted its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 615,905 shares of the company’s stock after buying an additional 10,054 shares during the quarter. Verra Mobility makes up approximately 0.6% of Harbor Capital Advisors Inc.’s investment portfolio, making the stock its 18th biggest holding. Harbor Capital Advisors Inc.’s holdings in Verra Mobility were worth $14,893,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of VRRM. Quest Partners LLC raised its holdings in shares of Verra Mobility by 1,732.7% in the 2nd quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock valued at $27,000 after purchasing an additional 953 shares in the last quarter. Signaturefd LLC raised its stake in Verra Mobility by 112.4% in the third quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after buying an additional 561 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Verra Mobility by 192.0% during the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock worth $32,000 after buying an additional 745 shares during the period. Blue Trust Inc. boosted its position 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 in the last quarter. Finally, US Bancorp DE raised its position in shares of 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 in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price objective 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. Robert W. Baird decreased their price objective on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, November 1st.

Verra Mobility Stock Performance

Shares of VRRM stock traded down $0.38 during trading hours on Friday, hitting $24.36. The company’s stock had a trading volume of 237,098 shares, compared to its average volume of 697,708. 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 company has a 50 day moving average of $23.71 and a 200 day moving average of $26.34. Verra Mobility Co. has a 12-month low of $20.26 and a 12-month high of $31.03. The stock has a market cap of $4.01 billion, a PE ratio of 40.60, a price-to-earnings-growth ratio of 2.12 and a beta of 1.23.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings results 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 company had revenue of $225.55 million for the quarter, compared to the consensus estimate of $226.65 million. During the same period last year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, sell-side analysts forecast that Verra Mobility Co. will post 1.08 EPS for the current fiscal 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.