Peregrine Capital Management LLC Grows Position in Verra Mobility Co. (NASDAQ:VRRM)

Peregrine Capital Management LLC boosted its stake in Verra Mobility Co. (NASDAQ:VRRM) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 541,289 shares of the company’s stock after buying an additional 9,571 shares during the period. Peregrine Capital Management LLC owned approximately 0.33% of Verra Mobility worth $13,088,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Signaturefd LLC raised its stake in shares of Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after acquiring an additional 561 shares during the period. First Horizon Advisors Inc. increased its holdings in Verra Mobility by 192.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock valued at $32,000 after purchasing an additional 745 shares during the last quarter. Avanza Fonder AB purchased a new stake in Verra Mobility in the fourth quarter valued at approximately $74,000. Blue Trust Inc. lifted its stake in Verra Mobility by 27.5% during the third quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after purchasing an additional 694 shares in the last quarter. Finally, US Bancorp DE boosted its position in shares of Verra Mobility by 10.3% during the third quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after buying an additional 418 shares during the period.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $26.33 on Tuesday. Verra Mobility Co. has a 1 year low of $20.26 and a 1 year 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. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 43.88, a PEG ratio of 2.16 and a beta of 1.24. The stock’s 50-day moving average is $25.08 and its two-hundred day moving average is $25.75.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VRRM. Deutsche Bank Aktiengesellschaft cut their price objective on Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Robert W. Baird cut their price target on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Morgan Stanley lowered their price objective on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th.

Verra Mobility 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.