Aristotle Capital Boston LLC Boosts Holdings in Verra Mobility Corp $VRRM

Aristotle Capital Boston LLC grew its stake in shares of Verra Mobility Corp (NASDAQ:VRRM) by 12.5% during the third quarter, HoldingsChannel reports. The firm owned 423,590 shares of the company’s stock after purchasing an additional 47,037 shares during the quarter. Aristotle Capital Boston LLC’s holdings in Verra Mobility were worth $10,463,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC raised its stake in Verra Mobility by 238.3% in the third quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock worth $29,000 after buying an additional 822 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Verra Mobility by 439.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after buying an additional 1,217 shares during the period. Neo Ivy Capital Management bought a new stake in Verra Mobility during the 3rd quarter valued at approximately $60,000. Osaic Holdings Inc. boosted its position in Verra Mobility by 285.8% during the 2nd quarter. Osaic Holdings Inc. now owns 3,044 shares of the company’s stock valued at $72,000 after acquiring an additional 2,255 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Verra Mobility by 46.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,414 shares of the company’s stock worth $87,000 after acquiring an additional 1,087 shares during the period.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VRRM. Wall Street Zen lowered Verra Mobility from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 28th. Morgan Stanley reduced their price target on Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. JPMorgan Chase & Co. lowered their price objective on Verra Mobility from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, March 9th. Finally, Robert W. Baird set a $24.00 target price on shares of Verra Mobility in a report on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $24.00.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $14.95 on Friday. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 2.43 and a beta of 0.60. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.00 and a current ratio of 2.10. Verra Mobility Corp has a one year low of $14.93 and a one year high of $25.83. The company’s 50-day moving average is $19.27 and its 200 day moving average is $21.88.

Verra Mobility (NASDAQ:VRRM) last issued its earnings results on Tuesday, February 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). Verra Mobility had a return on equity of 57.45% and a net margin of 13.95%.The firm had revenue of $257.86 million during the quarter, compared to analysts’ expectations of $241.17 million. During the same period last year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Sell-side analysts expect that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

About Verra Mobility

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.