Richard Bernstein Advisors LLC Invests $2.86 Million in Verra Mobility Co. (NASDAQ:VRRM)

Richard Bernstein Advisors LLC bought a new stake in shares of Verra Mobility Co. (NASDAQ:VRRMFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 153,106 shares of the company’s stock, valued at approximately $2,863,000. Richard Bernstein Advisors LLC owned approximately 0.09% of Verra Mobility as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Qube Research & Technologies Ltd bought a new position in Verra Mobility during the third quarter valued at $812,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Verra Mobility in the 3rd quarter worth about $203,000. Eagle Asset Management Inc. bought a new stake in shares of Verra Mobility in the 3rd quarter worth about $9,216,000. Northern Trust Corp lifted its holdings in shares of Verra Mobility by 5.3% in the 3rd quarter. Northern Trust Corp now owns 2,064,136 shares of the company’s stock worth $38,599,000 after acquiring an additional 103,867 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Verra Mobility by 7.0% in the 3rd quarter. LPL Financial LLC now owns 59,432 shares of the company’s stock worth $1,111,000 after acquiring an additional 3,888 shares during the last quarter.

Verra Mobility Stock Performance

VRRM stock traded up $0.04 during trading on Thursday, reaching $21.60. The company had a trading volume of 165,856 shares, compared to its average volume of 1,060,656. The firm has a 50-day simple moving average of $22.48 and a 200-day simple moving average of $20.61. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 45.87, a price-to-earnings-growth ratio of 2.26 and a beta of 1.19. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.98 and a current ratio of 2.08. Verra Mobility Co. has a twelve month low of $16.22 and a twelve month high of $24.34.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised their target price on shares of Verra Mobility from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.40.

Read Our Latest Stock Report on Verra Mobility

Verra Mobility Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Verra Mobility (NASDAQ:VRRM)

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