BNP Paribas Financial Markets Sells 49,763 Shares of Verra Mobility Co. (NASDAQ:VRRM)

BNP Paribas Financial Markets cut its holdings in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 53.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,567 shares of the company's stock after selling 49,763 shares during the period. BNP Paribas Financial Markets' holdings in Verra Mobility were worth $1,029,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Verra Mobility by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company's stock worth $425,861,000 after acquiring an additional 159,348 shares during the period. Price T Rowe Associates Inc. MD raised its position in Verra Mobility by 10.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company's stock worth $220,323,000 after acquiring an additional 837,648 shares during the period. Handelsbanken Fonder AB raised its position in Verra Mobility by 5.0% in the fourth quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company's stock worth $101,938,000 after acquiring an additional 200,000 shares during the period. Dimensional Fund Advisors LP raised its position in Verra Mobility by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,268,729 shares of the company's stock worth $79,037,000 after acquiring an additional 71,031 shares during the period. Finally, William Blair Investment Management LLC raised its position in Verra Mobility by 6.8% in the fourth quarter. William Blair Investment Management LLC now owns 2,854,284 shares of the company's stock worth $69,017,000 after acquiring an additional 181,072 shares during the period.

Analysts Set New Price Targets

Several research firms have weighed in on VRRM. Morgan Stanley decreased their price target 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. Robert W. Baird increased their price objective 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. 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. Finally, UBS Group reduced their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research note on Thursday, May 8th. One equities research 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. According to MarketBeat.com, Verra Mobility presently has an average rating of "Buy" and a consensus target price of $27.38.

Insider Activity at Verra Mobility

In related news, insider Jonathan Keyser sold 18,719 shares of the firm'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 completion of the transaction, the insider now directly owns 1,179 shares of the company's stock, valued at approximately $28,626.12. This trade represents a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.05% of the stock is currently owned by corporate insiders.

Verra Mobility Price Performance

VRRM traded down $0.30 during trading on Monday, hitting $23.46. 627,648 shares of the company traded hands, compared to its average volume of 1,184,619. The company has a market cap of $3.74 billion, a PE ratio of 39.10, a P/E/G ratio of 2.18 and a beta of 0.80. The stock's 50-day simple moving average is $22.33 and its two-hundred day simple moving average is $23.55. Verra Mobility Co. has a 1 year low of $19.51 and a 1 year high of $31.03. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13.

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

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.