Armis Advisers LLC Makes New $307,000 Investment in Verra Mobility Co. (NASDAQ:VRRM)

Armis Advisers LLC bought a new stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 12,709 shares of the company's stock, valued at approximately $307,000.

Several other large investors have also recently made changes to their positions in the company. Barclays PLC raised its position in Verra Mobility by 400.2% during the third quarter. Barclays PLC now owns 294,457 shares of the company's stock worth $8,189,000 after acquiring an additional 235,589 shares during the period. LPL Financial LLC raised its position in Verra Mobility by 8.4% during the fourth quarter. LPL Financial LLC now owns 151,920 shares of the company's stock worth $3,673,000 after acquiring an additional 11,772 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Verra Mobility during the fourth quarter worth $2,348,000. Smartleaf Asset Management LLC raised its position in Verra Mobility by 245.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after acquiring an additional 1,640 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Verra Mobility by 6.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,822,236 shares of the company's stock worth $44,062,000 after acquiring an additional 102,575 shares during the period.

Verra Mobility Trading Down 0.7%

Shares of VRRM traded down $0.17 during mid-day trading on Friday, reaching $23.67. The stock had a trading volume of 689,330 shares, compared to its average volume of 1,181,007. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility Co. has a 52-week low of $19.51 and a 52-week high of $31.03. The business's fifty day moving average is $22.56 and its 200 day moving average is $23.56. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 39.45, a P/E/G ratio of 2.18 and a beta of 0.80.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on VRRM shares. Morgan Stanley reduced their target price on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. UBS Group reduced their target price on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research report on Thursday, May 8th. Robert W. Baird increased their target price on shares of Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. 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 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $27.38.

Insiders Place Their Bets

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

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.