Verra Mobility Co. (NASDAQ:VRRM) Stock Holdings Boosted by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. grew its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,230 shares of the company’s stock after purchasing an additional 592 shares during the period. Tealwood Asset Management Inc.’s holdings in Verra Mobility were worth $1,069,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VRRM. Fiera Capital Corp acquired a new stake in Verra Mobility in the 3rd quarter valued at about $33,905,000. Wellington Management Group LLP raised its holdings in Verra Mobility by 13.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock worth $224,310,000 after buying an additional 941,127 shares during the period. New York State Common Retirement Fund raised its holdings in Verra Mobility by 62.9% during the 3rd quarter. New York State Common Retirement Fund now owns 1,152,330 shares of the company’s stock worth $32,046,000 after buying an additional 444,911 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Verra Mobility by 149.8% during the third quarter. Harbor Capital Advisors Inc. now owns 605,851 shares of the company’s stock valued at $16,849,000 after buying an additional 363,357 shares in the last quarter. Finally, State Street Corp boosted its stake in Verra Mobility by 6.0% in the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company’s stock worth $175,234,000 after purchasing an additional 357,078 shares during the period.

Verra Mobility Price Performance

Shares of NASDAQ:VRRM opened at $24.73 on Tuesday. Verra Mobility Co. has a 1 year low of $20.26 and a 1 year high of $31.03. The business has a fifty day simple moving average of $23.74 and a 200 day simple moving average of $26.31. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 41.22, a P/E/G ratio of 2.12 and a beta of 1.23.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The business had revenue of $225.55 million for the quarter, compared to the consensus estimate of $226.65 million. During the same quarter last year, the firm earned $0.27 EPS. Verra Mobility’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.