Verra Mobility (NASDAQ:VRRM) Upgraded to “Strong-Buy” at Baird R W

Verra Mobility (NASDAQ:VRRM) was upgraded by equities researchers at Baird R W from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley dropped their target price on shares of Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Robert W. Baird raised Verra Mobility from a “neutral” rating to an “outperform” rating and set a $27.00 target price for the company in a research report on Tuesday.

Verra Mobility Stock Performance

VRRM opened at $22.28 on Tuesday. The firm has a market cap of $3.56 billion, a P/E ratio of 37.13, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. The business’s fifty day moving average is $22.31 and its 200-day moving average is $24.04. Verra Mobility has a 52-week low of $19.51 and a 52-week high of $31.03. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VRRM. Vanguard Group Inc. raised its stake in shares of Verra Mobility by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company’s stock worth $425,861,000 after purchasing an additional 159,348 shares during the period. Price T Rowe Associates Inc. MD raised its position in Verra Mobility by 10.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company’s stock worth $220,323,000 after acquiring an additional 837,648 shares during the period. JPMorgan Chase & Co. boosted its stake in Verra Mobility by 0.6% in the third quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock valued at $179,743,000 after acquiring an additional 36,585 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake in Verra Mobility by 28.7% in the fourth quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company’s stock valued at $107,862,000 after acquiring an additional 994,775 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in shares of Verra Mobility by 5.0% during the 4th quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company’s stock valued at $101,938,000 after acquiring an additional 200,000 shares during the period.

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.