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

Blair William & Co. IL trimmed its position in Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 7.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Xponance Inc. increased its stake in Verra Mobility by 4.9% in the first 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. increased its stake in Verra Mobility by 18.2% in the first quarter. PNC Financial Services Group Inc. now owns 7,542 shares of the company's stock valued at $170,000 after acquiring an additional 1,161 shares during the last quarter. Cetera Investment Advisers increased its stake in Verra Mobility by 9.8% in the fourth quarter. Cetera Investment Advisers now owns 13,695 shares of the company's stock valued at $331,000 after acquiring an additional 1,218 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its stake in shares of Verra Mobility by 2.7% during the first quarter. Knights of Columbus Asset Advisors LLC now owns 48,064 shares of the company's stock worth $1,082,000 after buying an additional 1,269 shares during the last quarter. Finally, MetLife Investment Management LLC grew 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 worth $2,368,000 after buying an additional 1,855 shares during the last quarter.

Insider Buying and Selling

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $24.28, for a total transaction of $454,497.32. Following the sale, the insider owned 1,179 shares of the company's stock, valued at approximately $28,626.12. This represents a 94.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.05% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on VRRM shares. Wall Street Zen cut shares of Verra Mobility from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. UBS Group decreased 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 note on Thursday, May 8th. Robert W. Baird boosted their target price on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a research note on Thursday, May 8th. 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $27.38.

Verra Mobility Stock Performance

Shares of VRRM opened at $25.27 on Tuesday. The company has a current ratio of 2.19, a quick ratio of 2.10 and a debt-to-equity ratio of 3.45. The stock has a market capitalization of $4.03 billion, a P/E ratio of 126.35, a price-to-earnings-growth ratio of 2.37 and a beta of 0.79. The firm's fifty day simple moving average is $24.69 and its two-hundred day simple moving average is $23.82. Verra Mobility Corp has a 12 month low of $19.51 and a 12 month high of $29.18.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. The business had revenue of $223.25 million for the quarter, compared to analysts' expectations of $216.94 million. Verra Mobility had a net margin of 3.88% and a return on equity of 51.05%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 earnings per share. As a group, analysts predict that Verra Mobility Corp will post 1.08 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.