Envestnet Asset Management Inc. has $4.78M stake in Verra Mobility Co. (NASDAQ:VRRM)

Envestnet Asset Management Inc. increased its position in shares of Verra Mobility Co. (NASDAQ:VRRM – Free Report) by 15.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,684 shares of the company’s stock after purchasing an additional 23,382 shares during the period. The holdings of Envestnet Asset Management Inc. holdings in Verra Mobility were worth $4,779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have added to or reduced their stakes in VRRM. Crossmark Global Holdings Inc. grew its position in Verra Mobility by 1.5% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company’s stock worth $742,000 after purchasing an additional 391 shares during the period. Montag A & Associates Inc. grew its position in Verra Mobility by 17.1% in the first quarter. Montag A & Associates Inc. now owns 3,045 shares of the company’s stock worth $76,000 after acquiring an additional 445 shares during the period. Franklin Resources Inc. raised its stake in Verra Mobility by 1.3% in the 4th quarter. Franklin Resources Inc. now owns 52,050 shares of the company’s stock worth $1,199,000 after buying an additional 674 shares in the last quarter. Sage Rhino Capital LLC boosted its holdings in Verra Mobility by 3.3% in the second quarter. Sage Rhino Capital LLC now owns 24,548 shares of the company’s stock valued at $668,000 after purchasing an additional 793 shares during the period. Finally, Arizona State Retirement System raised its position in shares of Verra Mobility by 2.0% during the second quarter. Arizona State Retirement System now owns 44,285 shares of the company’s stock worth $1,205,000 after buying an additional 864 shares in the last quarter.

Verra Mobility stock performance

Shares of Verra Mobility stock opened at $27.61 on Wednesday. The company has a current ratio of 2.57, a quick ratio of 2.47, and a debt-to-equity ratio of 2.36. The company has a market cap of $4.60 billion, a PE ratio of 55.22, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27. The company has a 50-day moving average of $27.80 and a 200-day moving average of $26.80. Verra Mobility Co. has a 1 year low of $18.61 and a 1 year high of $31.03.

Verra Mobility (NASDAQ:VRRM – Get Your Free Report ) last released its earnings results on Thursday, August 8th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. Verra Mobility had a return on equity of 39.89% and a net margin of 11.34%. The firm had revenue of $222.43 million for the quarter, compared to the consensus estimate of $220.32 million. In the same quarter last year, the business posted EPS of $0.27. The company’s revenue was up 8.8% compared to the same quarter last year. As a group, equities research analysts forecast that Verra Mobility Co. will post 1.07 earnings per share for the current fiscal year.

The Wall Street analyst weighs in

Several brokerages have recently issued reports on VRRM. Morgan Stanley boosted their price target on Verra Mobility from $22.00 to $27.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft boosted their target price on Verra Mobility from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, August 9th.

Read our latest report on VRRM

Verra Mobility company profile

(Free Report)

Verra Mobility Corporation provides intelligent 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 tax and violation management, as well as title and registration services to car rental companies, fleet management companies and other large fleet owners.

Further reading

Want to see what other hedge funds VRRM owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Verra Mobility Co. (NASDAQ:VRRM – Free Report).

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