Yarbrough Capital LLC Raises Stake in Verra Mobility Co. (NASDAQ:VRRM)

Yarbrough Capital LLC boosted its position in Verra Mobility Co. (NASDAQ:VRRMGet Rating) by 20.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 30,313 shares of the company’s stock after purchasing an additional 5,226 shares during the period. Yarbrough Capital LLC’s holdings in Verra Mobility were worth $493,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VRRM. Franklin Resources Inc. purchased a new stake in Verra Mobility in the third quarter valued at approximately $592,000. Dimensional Fund Advisors LP boosted its position in Verra Mobility by 17.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,059,396 shares of the company’s stock valued at $15,966,000 after buying an additional 154,733 shares during the last quarter. Invesco Ltd. boosted its position in Verra Mobility by 11.4% in the third quarter. Invesco Ltd. now owns 130,160 shares of the company’s stock valued at $1,961,000 after buying an additional 13,360 shares during the last quarter. California State Teachers Retirement System boosted its position in Verra Mobility by 0.6% in the 3rd quarter. California State Teachers Retirement System now owns 185,776 shares of the company’s stock worth $2,800,000 after purchasing an additional 1,143 shares in the last quarter. Finally, Man Group plc boosted its position in Verra Mobility by 14.1% in the 3rd quarter. Man Group plc now owns 185,178 shares of the company’s stock worth $2,791,000 after purchasing an additional 22,938 shares in the last quarter.

Shares of NASDAQ:VRRM traded up $0.10 during midday trading on Thursday, reaching $15.41. 4,271 shares of the company’s stock traded hands, compared to its average volume of 777,689. Verra Mobility Co. has a 1 year low of $12.70 and a 1 year high of $18.13. The company has a market cap of $2.41 billion, a P/E ratio of 45.03 and a beta of 1.32. The company has a debt-to-equity ratio of 4.37, a quick ratio of 2.25 and a current ratio of 2.35. The company has a fifty day simple moving average of $15.18 and a two-hundred day simple moving average of $15.55.

Verra Mobility (NASDAQ:VRRMGet Rating) last announced its earnings results on Monday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Verra Mobility had a net margin of 9.57% and a return on equity of 44.07%. The business had revenue of $170.39 million for the quarter, compared to analysts’ expectations of $165.02 million. During the same quarter last year, the business earned $0.11 EPS. As a group, research analysts forecast that Verra Mobility Co. will post 0.88 EPS for the current fiscal year.

Several equities research analysts have commented on the company. Robert W. Baird lowered their price objective on Verra Mobility from $20.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, June 9th. Deutsche Bank Aktiengesellschaft upped their price objective on Verra Mobility from $17.00 to $18.00 in a research report on Friday, April 1st. Credit Suisse Group upped their price objective on Verra Mobility from $19.00 to $20.00 and gave the stock an “outperform” rating in a research report on Monday, April 25th. Finally, TheStreet lowered Verra Mobility from a “b-” rating to a “c+” rating in a research report on Tuesday, April 12th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.60.

About Verra Mobility (Get Rating)

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 Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs, which detects and process traffic violations related to red light, speed, school bus, and city bus lanes.

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Institutional Ownership by Quarter for Verra Mobility (NASDAQ:VRRM)

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