Algert Global LLC Invests $487,000 in Verra Mobility Co. (NASDAQ:VRRM)

Algert Global LLC purchased a new stake in Verra Mobility Co. (NASDAQ:VRRM) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 20,146 shares of the company’s stock, valued at approximately $487,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its position in Verra Mobility by 400.2% in the 3rd quarter. Barclays PLC now owns 294,457 shares of the company’s stock valued at $8,189,000 after purchasing an additional 235,589 shares during the last quarter. LPL Financial LLC raised its position in Verra Mobility by 8.4% during the 4th quarter. LPL Financial LLC now owns 151,920 shares of the company’s stock worth $3,673,000 after buying an additional 11,772 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in Verra Mobility during the 4th quarter worth $2,348,000. Smartleaf Asset Management LLC raised its position in Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock worth $56,000 after buying an additional 1,640 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Verra Mobility by 6.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,822,236 shares of the company’s stock worth $44,062,000 after buying an additional 102,575 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VRRM shares. Robert W. Baird upped their price objective on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday. Morgan Stanley cut their price objective on shares of Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Baird R W raised shares of Verra Mobility from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 22nd. Finally, UBS Group lowered their price target on shares of Verra Mobility from $31.50 to $29.50 and set a “buy” rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $27.38.

Verra Mobility Price Performance

Shares of NASDAQ VRRM opened at $24.28 on Monday. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 40.47, a PEG ratio of 2.18 and a beta of 0.80. Verra Mobility Co. has a 52 week low of $19.51 and a 52 week high of $31.03. The company’s 50-day moving average price is $21.64 and its 200 day moving average price is $23.62. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The company had revenue of $223.25 million for the quarter, compared to analyst estimates of $216.94 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 EPS. As a group, research analysts forecast that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

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.