Verra Mobility Co. (NASDAQ:VRRM) Shares Bought by Tealwood Asset Management Inc.

Tealwood Asset Management Inc. raised its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 1.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,230 shares of the company’s stock after acquiring an additional 592 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Verra Mobility were worth $1,069,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its stake in Verra Mobility by 1.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 615,905 shares of the company’s stock worth $14,893,000 after buying an additional 10,054 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Verra Mobility by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock valued at $179,743,000 after buying an additional 36,585 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Verra Mobility by 6.4% during the 3rd quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company’s stock worth $104,464,000 after purchasing an additional 225,585 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Verra Mobility by 13.7% in the 3rd quarter. Franklin Resources Inc. now owns 1,814,342 shares of the company’s stock worth $48,987,000 after acquiring an additional 219,071 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Verra Mobility by 1.7% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 167,923 shares of the company’s stock valued at $4,670,000 after buying an additional 2,797 shares in the last quarter.

Analysts Set New Price Targets

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

Verra Mobility Price Performance

Shares of VRRM stock opened at $24.73 on Tuesday. Verra Mobility Co. has a twelve month low of $20.26 and a twelve month high of $31.03. 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 company has a market capitalization of $4.08 billion, a PE ratio of 41.22, a price-to-earnings-growth ratio of 2.12 and a beta of 1.23. The firm has a fifty day simple moving average of $23.74 and a 200-day simple moving average of $26.31.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The business had revenue of $225.55 million for the quarter, compared to analysts’ expectations of $226.65 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate 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.