CenterBook Partners LP Has $8.20 Million Stake in Verra Mobility Corp (NASDAQ:VRRM)

CenterBook Partners LP increased its holdings in Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 752.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 364,310 shares of the company's stock after buying an additional 321,581 shares during the period. CenterBook Partners LP owned about 0.23% of Verra Mobility worth $8,201,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Aster Capital Management DIFC Ltd boosted its stake in Verra Mobility by 585.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock valued at $114,000 after purchasing an additional 4,031 shares during the period. PNC Financial Services Group Inc. boosted its stake in Verra Mobility by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock valued at $154,000 after purchasing an additional 409 shares during the period. US Bancorp DE boosted its stake in Verra Mobility by 76.6% during the 1st quarter. US Bancorp DE now owns 7,782 shares of the company's stock valued at $175,000 after purchasing an additional 3,376 shares during the period. Headlands Technologies LLC acquired a new position in Verra Mobility during the 4th quarter valued at about $228,000. Finally, Jefferies Financial Group Inc. acquired a new position in Verra Mobility during the 1st quarter valued at about $224,000.

Insiders Place Their Bets

In other news, insider Jonathan Keyser sold 18,719 shares of Verra Mobility stock in a transaction that occurred 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 sale, the insider owned 1,179 shares in the company, valued at $28,626.12. The trade was a 94.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.05% of the company's stock.

Verra Mobility Price Performance

Shares of Verra Mobility stock traded up $0.49 during mid-day trading on Wednesday, reaching $24.99. 292,941 shares of the stock were exchanged, compared to its average volume of 1,143,334. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 124.95, a price-to-earnings-growth ratio of 2.40 and a beta of 0.77. 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 firm has a 50-day simple moving average of $24.38 and a 200 day simple moving average of $23.80. Verra Mobility Corp has a fifty-two week low of $19.51 and a fifty-two week high of $31.03.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $223.25 million during 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 company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 EPS. On average, sell-side analysts predict that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VRRM shares. Robert W. Baird upped their price target 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. UBS Group decreased their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a report on Thursday, May 8th. Wall Street Zen raised shares of Verra Mobility from a "buy" rating to a "strong-buy" rating in a report on Saturday. Morgan Stanley reduced their price target on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Finally, Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $27.38.

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.