Caxton Associates LLP Takes $1.64 Million Position in Verra Mobility Corp $VRRM

Caxton Associates LLP acquired a new stake in Verra Mobility Corp (NASDAQ:VRRM) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 72,814 shares of the company’s stock, valued at approximately $1,639,000.

A number of other institutional investors also recently made changes to their positions in VRRM. Price T Rowe Associates Inc. MD boosted its stake in shares of Verra Mobility by 12.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,265,348 shares of the company’s stock valued at $231,074,000 after purchasing an additional 1,153,573 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of Verra Mobility by 28.7% in the 4th quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company’s stock valued at $107,862,000 after purchasing an additional 994,775 shares in the last quarter. Sunriver Management LLC boosted its stake in shares of Verra Mobility by 38.6% in the 1st quarter. Sunriver Management LLC now owns 1,920,395 shares of the company’s stock valued at $43,228,000 after purchasing an additional 534,810 shares in the last quarter. Sycale Advisors NY LLC purchased a new stake in shares of Verra Mobility in the 4th quarter valued at $12,654,000. Finally, Tidal Investments LLC purchased a new stake in shares of Verra Mobility in the 4th quarter valued at $11,755,000.

Verra Mobility Trading Down 0.1%

Shares of VRRM opened at $24.42 on Wednesday. The stock has a market capitalization of $3.90 billion, a P/E ratio of 101.75, a PEG ratio of 2.86 and a beta of 0.80. The company has a quick ratio of 2.21, a current ratio of 2.28 and a debt-to-equity ratio of 2.93. The firm has a fifty day simple moving average of $24.80 and a two-hundred day simple moving average of $23.54. Verra Mobility Corp has a twelve month low of $19.51 and a twelve month high of $28.25.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.33 by $0.01. Verra Mobility had a net margin of 4.30% and a return on equity of 55.14%. The business had revenue of $236.03 million during the quarter, compared to analyst estimates of $232.78 million. During the same period in the prior year, the business earned $0.31 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, research analysts anticipate that Verra Mobility Corp will post 1.08 EPS for the current year.

Analyst Upgrades and Downgrades

VRRM has been the subject of a number of research reports. Wall Street Zen cut shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. Robert W. Baird increased their price target on shares of Verra Mobility from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Verra Mobility has an average rating of “Buy” and an average price target of $27.88.

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.