Verra Mobility Co. (NASDAQ:VRRM) Shares Acquired by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. increased its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 5.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,931 shares of the company’s stock after buying an additional 3,819 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Verra Mobility were worth $1,715,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VRRM. Wellington Management Group LLP lifted its position 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 acquiring an additional 941,127 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Verra Mobility by 0.6% during the third quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock worth $179,743,000 after purchasing an additional 36,585 shares during the last quarter. State Street Corp lifted its holdings in shares of Verra Mobility by 6.0% during the third 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. Handelsbanken Fonder AB grew its position in Verra Mobility by 7.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 4,015,800 shares of the company’s stock valued at $111,679,000 after buying an additional 261,500 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Verra Mobility by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,904,750 shares of the company’s stock valued at $108,612,000 after buying an additional 17,688 shares during the period.

Wall Street Analysts Forecast Growth

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

Verra Mobility Price Performance

Shares of NASDAQ VRRM opened at $25.18 on Thursday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. Verra Mobility Co. has a one year low of $20.26 and a one year high of $31.03. The firm has a market capitalization of $4.15 billion, a P/E ratio of 41.97, a PEG ratio of 2.12 and a beta of 1.23. The company’s fifty day moving average is $23.82 and its two-hundred day moving average is $26.27.

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