Fairview Capital Investment Management LLC Increases Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Fairview Capital Investment Management LLC lifted its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,264,633 shares of the company's stock after buying an additional 97,784 shares during the period. Verra Mobility comprises approximately 2.8% of Fairview Capital Investment Management LLC's investment portfolio, making the stock its 12th biggest position. Fairview Capital Investment Management LLC owned approximately 1.37% of Verra Mobility worth $54,759,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its holdings in Verra Mobility by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock worth $154,000 after acquiring an additional 409 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Verra Mobility by 2.5% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,308 shares of the company's stock valued at $443,000 after purchasing an additional 448 shares during the last quarter. Tealwood Asset Management Inc. boosted its stake in shares of Verra Mobility by 1.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company's stock valued at $1,069,000 after purchasing an additional 592 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Verra Mobility by 2.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 28,645 shares of the company's stock valued at $693,000 after purchasing an additional 725 shares during the last quarter. Finally, Xponance Inc. boosted its stake in shares of Verra Mobility by 9.5% in the 4th quarter. Xponance Inc. now owns 11,865 shares of the company's stock valued at $287,000 after purchasing an additional 1,025 shares during the last quarter.

Verra Mobility Stock Down 0.6%

VRRM traded down $0.14 during trading on Wednesday, hitting $23.41. 458,028 shares of the company's stock were exchanged, compared to its average volume of 1,174,911. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The business's 50 day moving average is $21.74 and its two-hundred day moving average is $23.60. Verra Mobility Co. has a fifty-two week low of $19.51 and a fifty-two week high of $31.03. The stock has a market cap of $3.74 billion, a P/E ratio of 39.02, a PEG ratio of 2.18 and a beta of 0.80.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. The firm had revenue of $223.25 million for the quarter, compared to the consensus estimate of $216.94 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The business's revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share. As a group, equities analysts expect that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

VRRM has been the topic of a number of analyst reports. Robert W. Baird upped their price objective on shares of Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. UBS Group dropped their target price on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Morgan Stanley dropped their target price on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Finally, Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $27.38.

Insider Activity

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $24.28, for a total value of $454,497.32. Following the transaction, the insider now directly owns 1,179 shares in the company, valued at $28,626.12. The trade was a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.05% of the stock is currently owned by corporate insiders.

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.