Verra Mobility Corp $VRRM Stock Holdings Lifted by M&T Bank Corp

M&T Bank Corp raised its position in shares of Verra Mobility Corp (NASDAQ:VRRM) by 105.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,645 shares of the company’s stock after purchasing an additional 47,455 shares during the quarter. M&T Bank Corp owned 0.06% of Verra Mobility worth $2,076,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of VRRM. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Verra Mobility by 17.7% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 121,663 shares of the company’s stock worth $2,726,000 after buying an additional 18,291 shares during the period. Salomon & Ludwin LLC grew its holdings in shares of Verra Mobility by 100.7% during the fourth quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company’s stock valued at $34,000 after buying an additional 751 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Verra Mobility by 23.9% during the fourth quarter. State of Alaska Department of Revenue now owns 110,552 shares of the company’s stock valued at $2,476,000 after buying an additional 21,335 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Verra Mobility by 144.4% during the fourth quarter. SG Americas Securities LLC now owns 269,649 shares of the company’s stock valued at $6,043,000 after buying an additional 159,331 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Verra Mobility by 19.9% during the fourth quarter. GAMMA Investing LLC now owns 5,640 shares of the company’s stock valued at $126,000 after buying an additional 937 shares in the last quarter.

Wall Street Analysts Forecast Growth

VRRM has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Verra Mobility from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday, March 26th. Robert W. Baird set a $24.00 price target on Verra Mobility in a report on Wednesday, February 25th. Wall Street Zen upgraded Verra Mobility from a “hold” rating to a “buy” rating in a report on Monday. Finally, Morgan Stanley lowered their price objective on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 25th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Verra Mobility currently has a consensus rating of “Hold” and an average target price of $23.50.

Verra Mobility Stock Performance

Shares of VRRM opened at $15.27 on Wednesday. The company’s 50 day moving average price is $15.51 and its 200 day moving average price is $19.67. Verra Mobility Corp has a 52 week low of $13.84 and a 52 week high of $25.83. The company has a market capitalization of $2.31 billion, a PE ratio of 17.96, a PEG ratio of 2.46 and a beta of 0.68. 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 (NASDAQ:VRRM) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The company had revenue of $257.86 million for the quarter, compared to analysts’ expectations of $241.17 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. Research analysts expect that Verra Mobility Corp will post 1.23 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.