Verra Mobility (NASDAQ:VRRM) Upgraded at Baird R W

Baird R W upgraded shares of Verra Mobility (NASDAQ:VRRM) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

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

Verra Mobility Trading Down 0.7 %

Shares of VRRM opened at $22.09 on Tuesday. Verra Mobility has a 1-year low of $19.51 and a 1-year high of $31.03. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. The firm has a 50 day simple moving average of $22.23 and a 200-day simple moving average of $24.01. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52.

Institutional Investors Weigh In On Verra Mobility

Several hedge funds and other institutional investors have recently modified their holdings of VRRM. Smartleaf Asset Management LLC grew its position in shares of Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock valued at $56,000 after buying an additional 1,640 shares during the last quarter. Avanza Fonder AB acquired a new position in shares of Verra Mobility during the fourth quarter valued at approximately $74,000. Aster Capital Management DIFC Ltd raised its stake in shares of Verra Mobility by 585.1% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company’s stock worth $114,000 after buying an additional 4,031 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Verra Mobility during the 4th quarter valued at about $129,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Verra Mobility by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock valued at $154,000 after acquiring an additional 409 shares during the last quarter.

About Verra Mobility

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.