Blair William & Co. IL Sells 49,671 Shares of Verra Mobility Corp (NASDAQ:VRRM)

Key Points

• Blair William & Co. IL reduced its stake in Verra Mobility Corp by 7.7% during the first quarter, leaving them with approximately 593,855 shares valued at $13.37 million.
• Analysts have mixed outlooks on Verra Mobility, with Robert W. Baird raising its target price to $28, while others have downgraded it, leading to a current average rating of "Buy" with a target price of $27.38.
• In the first quarter, insider Jonathan Keyser sold 18,719 shares for $454,497, representing a 94.07% reduction in ownership, while only 1.05% of the stock is currently held by corporate insiders.

Blair William & Co. IL cut its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 7.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 593,855 shares of the company's stock after selling 49,671 shares during the quarter. Blair William & Co. IL owned 0.37% of Verra Mobility worth $13,368,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VRRM. Xponance Inc. lifted its stake in shares of Verra Mobility by 4.9% in the 1st quarter. Xponance Inc. now owns 12,451 shares of the company's stock valued at $280,000 after acquiring an additional 586 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Verra Mobility by 18.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,542 shares of the company's stock worth $170,000 after acquiring an additional 1,161 shares during the last quarter. Cetera Investment Advisers increased its holdings in Verra Mobility by 9.8% in the 4th quarter. Cetera Investment Advisers now owns 13,695 shares of the company's stock worth $331,000 after purchasing an additional 1,218 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its position in Verra Mobility by 2.7% in the first quarter. Knights of Columbus Asset Advisors LLC now owns 48,064 shares of the company's stock valued at $1,082,000 after purchasing an additional 1,269 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in shares of Verra Mobility by 1.9% during the fourth quarter. MetLife Investment Management LLC now owns 97,915 shares of the company's stock valued at $2,368,000 after purchasing an additional 1,855 shares in the last quarter.

Verra Mobility Trading Down 1.4%

Shares of Verra Mobility stock traded down $0.34 during midday trading on Friday, reaching $23.73. The company had a trading volume of 663,745 shares, compared to its average volume of 1,135,293. The stock has a fifty day moving average price of $24.74 and a 200 day moving average price of $23.83. Verra Mobility Corp has a fifty-two week low of $19.51 and a fifty-two week high of $29.07. The firm has a market cap of $3.78 billion, a PE ratio of 98.88, a P/E/G ratio of 2.40 and a beta of 0.79. The company has a debt-to-equity ratio of 3.45, a current ratio of 2.19 and a quick ratio of 2.10.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. Verra Mobility had a net margin of 4.30% and a return on equity of 55.20%. The firm had revenue of $236.03 million for the quarter, compared to the consensus estimate of $232.78 million. During the same quarter in the previous year, the company earned $0.31 EPS. The company's revenue for the quarter was up 6.1% on a year-over-year basis. On average, equities analysts anticipate that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Analyst Ratings Changes

VRRM has been the subject of several recent research reports. Robert W. Baird upped their price objective on 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 reduced their target price on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating on the stock in a report on Thursday, May 8th. Wall Street Zen downgraded shares of Verra Mobility from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $27.38.

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.