Torray LLC Takes $705,000 Position in Verra Mobility Corp (NASDAQ:VRRM)

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Torray LLC acquired a new stake in Verra Mobility Corp (NASDAQ:VRRM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 49,137 shares of the company’s stock, valued at approximately $705,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of Verra Mobility by 317.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the company’s stock valued at $27,000 after buying an additional 1,449 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Verra Mobility in the 2nd quarter valued at about $60,000. US Bancorp DE purchased a new position in shares of Verra Mobility in the 2nd quarter valued at about $69,000. Bank of Montreal Can purchased a new position in shares of Verra Mobility in the 2nd quarter valued at about $108,000. Finally, NumerixS Investment Technologies Inc purchased a new position in shares of Verra Mobility in the 2nd quarter valued at about $122,000. Institutional investors and hedge funds own 59.42% of the company’s stock.

VRRM has been the subject of several recent research reports. Morgan Stanley initiated coverage on Verra Mobility in a research note on Monday, October 28th. They issued an “overweight” rating and a $18.50 price objective for the company. ValuEngine cut Verra Mobility from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Goldman Sachs Group initiated coverage on Verra Mobility in a research note on Tuesday, July 30th. They issued a “neutral” rating and a $15.00 price objective for the company. Zacks Investment Research upgraded Verra Mobility from a “sell” rating to a “hold” rating in a research note on Sunday, November 3rd. Finally, Bank of America upgraded Verra Mobility from a “neutral” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Monday, September 30th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $15.76.

VRRM stock traded up $0.02 during trading on Wednesday, hitting $14.70. 716,900 shares of the company’s stock were exchanged, compared to its average volume of 887,218. The business has a 50-day moving average price of $14.25 and a two-hundred day moving average price of $13.86. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of -21.94 and a beta of 0.40. Verra Mobility Corp has a 52-week low of $9.00 and a 52-week high of $15.35. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 2.62.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs related to red light, speed, school bus, and city bus lanes.

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

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