Northern Trust Corp Boosts Stake in Verra Mobility Co. (NASDAQ:VRRM)

Northern Trust Corp lifted its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,343,138 shares of the company’s stock after purchasing an additional 39,777 shares during the period. Northern Trust Corp owned about 1.42% of Verra Mobility worth $56,657,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC raised its position in shares of 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 purchasing an additional 1,640 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Verra Mobility during the fourth quarter valued at approximately $74,000. Aster Capital Management DIFC Ltd lifted its position in shares of Verra Mobility by 585.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company’s stock valued at $114,000 after acquiring an additional 4,031 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Verra Mobility in the fourth quarter worth approximately $129,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Verra Mobility by 6.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock worth $154,000 after purchasing an additional 409 shares in the last quarter.

Verra Mobility Stock Performance

Verra Mobility stock opened at $22.21 on Thursday. The firm has a 50 day simple moving average of $21.58 and a 200-day simple moving average of $23.69. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility Co. has a 1-year low of $19.51 and a 1-year high of $31.03.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The company had revenue of $223.25 million during the quarter, compared to analyst estimates of $216.94 million. During the same period in the prior year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts expect that Verra Mobility Co. will post 1.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VRRM shares. Baird R W upgraded Verra Mobility from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. Robert W. Baird upgraded shares of Verra Mobility from a “neutral” rating to an “outperform” rating and set a $27.00 price target on the stock in a research report on Tuesday, April 22nd. Finally, Morgan Stanley dropped 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 note on Thursday, March 27th.

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.