Verra Mobility Corp $VRRM Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in Verra Mobility Corp by 18.8%, selling 16,763 shares and now holding 72,403 shares worth approximately $1.69 million.
• Verra Mobility's stock was rated as a "buy" by multiple analysts, with a current average price target of $27.88 and a recent quarterly earnings report showing a slight earnings per share increase.
• Verra Mobility's shares opened at $24.59, reflecting a market capitalization of $3.92 billion and a P/E ratio of 102.46, indicating significant investor interest despite fluctuating price performance.

Amundi reduced its stake in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 18.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,403 shares of the company's stock after selling 16,763 shares during the quarter. Amundi's holdings in Verra Mobility were worth $1,688,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its stake in shares of Verra Mobility by 12.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,265,348 shares of the company's stock worth $231,074,000 after buying an additional 1,153,573 shares during the period. Wellington Management Group LLP raised its stake in shares of Verra Mobility by 5.1% during the 1st quarter. Wellington Management Group LLP now owns 7,922,473 shares of the company's stock worth $178,335,000 after buying an additional 386,760 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of Verra Mobility by 9.3% during the 1st quarter. Westwood Holdings Group Inc. now owns 4,873,442 shares of the company's stock worth $109,701,000 after buying an additional 412,649 shares during the period. Northern Trust Corp raised its stake in shares of Verra Mobility by 3.5% during the 1st quarter. Northern Trust Corp now owns 2,426,306 shares of the company's stock worth $54,616,000 after buying an additional 83,168 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Verra Mobility by 10.8% during the 1st quarter. American Century Companies Inc. now owns 2,311,408 shares of the company's stock worth $52,030,000 after buying an additional 225,359 shares during the period.

Verra Mobility Trading Up 2.2%

Shares of Verra Mobility stock traded up $0.53 during trading hours on Thursday, hitting $24.63. The company's stock had a trading volume of 970,829 shares, compared to its average volume of 774,116. Verra Mobility Corp has a twelve month low of $19.51 and a twelve month high of $28.25. The firm has a fifty day moving average of $24.66 and a 200-day moving average of $23.53. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 102.63, a P/E/G ratio of 2.82 and a beta of 0.80. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.21 and a current ratio of 2.28.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.33 by $0.01. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%.The business had revenue of $236.03 million for the quarter, compared to analyst estimates of $232.78 million. During the same quarter in the prior year, the company posted $0.31 EPS. The company's quarterly revenue was up 6.1% on a year-over-year basis. Research analysts forecast that Verra Mobility Corp will post 1.08 EPS for the current year.

Analyst Ratings Changes

VRRM has been the subject of several research analyst reports. Wall Street Zen downgraded Verra Mobility from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Robert W. Baird upped their target price on Verra Mobility from $28.00 to $30.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Verra Mobility presently has an average rating of "Buy" and a consensus target price of $27.88.

Verra Mobility Company 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.