Fiera Capital Corp Invests $33.91 Million in Verra Mobility Co. (NASDAQ:VRRM)

Fiera Capital Corp bought a new stake in shares of Verra Mobility Co. (NASDAQ:VRRM) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,219,158 shares of the company’s stock, valued at approximately $33,905,000. Fiera Capital Corp owned about 0.74% of Verra Mobility at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of VRRM. Vanguard Group Inc. lifted its stake in shares of Verra Mobility by 1.3% in the first quarter. Vanguard Group Inc. now owns 17,466,733 shares of the company’s stock valued at $436,144,000 after buying an additional 231,566 shares during the period. UniSuper Management Pty Ltd acquired a new stake in shares of Verra Mobility during the 1st quarter worth approximately $782,000. BNP Paribas Financial Markets grew its holdings in shares of Verra Mobility by 26.7% during the 1st quarter. BNP Paribas Financial Markets now owns 144,906 shares of the company’s stock worth $3,618,000 after purchasing an additional 30,548 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Verra Mobility by 6.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,180,519 shares of the company’s stock valued at $86,512,000 after purchasing an additional 193,686 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its position in Verra Mobility by 51.5% in the first quarter. Jupiter Asset Management Ltd. now owns 1,083,037 shares of the company’s stock worth $27,043,000 after purchasing an additional 367,976 shares during the period.

Analyst Ratings Changes

Several equities research analysts have issued reports on VRRM shares. Robert W. Baird lowered their price target on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Morgan Stanley cut their price target on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th.

Verra Mobility Stock Performance

Verra Mobility stock opened at $23.44 on Friday. The firm has a market capitalization of $3.86 billion, a P/E ratio of 39.07, a P/E/G ratio of 2.16 and a beta of 1.27. The stock has a fifty day moving average price of $26.60 and a two-hundred day moving average price of $27.09. Verra Mobility Co. has a 52-week low of $18.76 and a 52-week high of $31.03. 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 (NASDAQ:VRRM) last announced its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The business had revenue of $225.55 million during the quarter, compared to analysts’ expectations of $226.65 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $0.27 EPS. As a group, analysts anticipate that Verra Mobility Co. will post 1.07 EPS for the current fiscal year.

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.