AlphaQuest LLC Buys 41,219 Shares of Verra Mobility Corp $VRRM

AlphaQuest LLC raised its stake in shares of Verra Mobility Corp (NASDAQ:VRRM) by 428.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,835 shares of the company’s stock after purchasing an additional 41,219 shares during the period. AlphaQuest LLC’s holdings in Verra Mobility were worth $1,256,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Farther Finance Advisors LLC lifted its position in Verra Mobility by 46.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock worth $37,000 after acquiring an additional 460 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Verra Mobility by 9.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,522 shares of the company’s stock valued at $161,000 after acquiring an additional 574 shares in the last quarter. GAMMA Investing LLC lifted its position in Verra Mobility by 13.9% in the third quarter. GAMMA Investing LLC now owns 4,703 shares of the company’s stock worth $116,000 after purchasing an additional 575 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Verra Mobility by 1.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 36,077 shares of the company’s stock worth $916,000 after acquiring an additional 629 shares during the period. Finally, Arizona State Retirement System boosted its holdings in Verra Mobility by 1.4% during the third quarter. Arizona State Retirement System now owns 47,158 shares of the company’s stock valued at $1,165,000 after purchasing an additional 632 shares in the last quarter.

Verra Mobility Trading Down 1.5%

VRRM opened at $19.30 on Monday. The stock has a market capitalization of $3.08 billion, a P/E ratio of 60.31, a P/E/G ratio of 3.05 and a beta of 0.59. The firm’s fifty day simple moving average is $21.91 and its 200 day simple moving average is $23.36. Verra Mobility Corp has a 12 month low of $19.18 and a 12 month high of $26.89. The company has a current ratio of 2.45, a quick ratio of 2.35 and a debt-to-equity ratio of 2.55.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on VRRM shares. JPMorgan Chase & Co. assumed coverage on shares of Verra Mobility in a research note on Monday, January 26th. They issued a “neutral” rating and a $25.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. UBS Group upped their target price on shares of Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen upgraded Verra Mobility from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 20th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.25.

Verra Mobility Profile

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.