Harbor Capital Advisors Inc. Buys 10,054 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Harbor Capital Advisors Inc. grew its stake in Verra Mobility Co. (NASDAQ:VRRM) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 615,905 shares of the company’s stock after buying an additional 10,054 shares during the period. Verra Mobility makes up about 0.6% of Harbor Capital Advisors Inc.’s holdings, making the stock its 18th biggest holding. Harbor Capital Advisors Inc. owned 0.37% of Verra Mobility worth $14,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Quest Partners LLC grew its position in shares of Verra Mobility by 1,732.7% in the 2nd quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock worth $27,000 after buying an additional 953 shares during the period. Signaturefd LLC raised its position in Verra Mobility by 112.4% in the third quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after acquiring an additional 561 shares during the period. First Horizon Advisors Inc. grew its holdings in Verra Mobility by 192.0% during the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock valued at $32,000 after purchasing an additional 745 shares during the period. Blue Trust Inc. raised its stake in shares of Verra Mobility by 27.5% in the third quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after buying an additional 694 shares during the period. Finally, US Bancorp DE lifted its position in shares of Verra Mobility by 10.3% during the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock valued at $125,000 after buying an additional 418 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have commented on VRRM. Robert W. Baird decreased their target price on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Morgan Stanley dropped their target price on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft cut their target price 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.

Verra Mobility Price Performance

NASDAQ:VRRM traded down $0.38 during trading hours on Friday, reaching $24.36. The stock had a trading volume of 237,098 shares, compared to its average volume of 697,708. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The stock has a market capitalization of $4.01 billion, a PE ratio of 40.60, a PEG ratio of 2.12 and a beta of 1.23. Verra Mobility Co. has a 52 week low of $20.26 and a 52 week high of $31.03. The company has a 50 day moving average price of $23.71 and a two-hundred day moving average price of $26.34.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $225.55 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 EPS. As a group, sell-side 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.