Top 3 Stock Picks of Jeff Ubben’s Inclusive Capital

2. Verra Mobility Corporation (NASDAQ:VRRM)

Inclusive Capital’s Stake Value: $169,244,000 

Percentage of Inclusive Capital’s 13F Portfolio: 17.46%

Number of Hedge Fund Holders: 30

Verra Mobility Corporation (NASDAQ:VRRM) provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. The company has three business segments: Commercial Services, Government Solutions, and Parking Solutions. As of July 22, Verra Mobility Corporation (NASDAQ:VRRM) has gained 3.06% year to date and has trailing twelve-month free cash flows of $182.63 million.

On July 19, Verra Mobility Corporation (NASDAQ:VRRM) raised its full-year 2022 guidance at its investor day. The company raised its revenue view to a range between $720 million and $740 million, up from its prior revenue guidance of $715 million. Verra Mobility Corporation (NASDAQ:VRRM) also raised its adjusted EBITDA view to a range between $325 million and $335 million, up from its prior view of $322 million.

On July 20, Deutsche Bank analyst Faiza Alwy raised her price target on Verra Mobility Corporation (NASDAQ:VRRM) to $19 from $18 and reiterated a Hold rating on the shares.

As of March 31, Inclusive Capital owns more than 10.3 million shares of Verra Mobility Corporation (NASDAQ:VRRM). The fund’s stakes in the company sit at $169.24 million, which represents 17.46% of Jeff Ubben’s 13F portfolio.

At the end of Q1 2022, 30 hedge funds were bullish on Verra Mobility Corporation (NASDAQ:VRRM) and held stakes worth $684.35 million in the company. This is compared to 32 positions a quarter ago with stakes worth $651.41 million.