Charles Schwab Investment Management Inc. Sells 55,527 Shares of Verra Mobility Corp $VRRM

Charles Schwab Investment Management Inc. lessened its position in Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 3.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,766,709 shares of the company's stock after selling 55,527 shares during the period. Charles Schwab Investment Management Inc. owned about 1.11% of Verra Mobility worth $39,769,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in shares of Verra Mobility by 18.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,542 shares of the company's stock valued at $170,000 after purchasing an additional 1,161 shares in the last quarter. US Bancorp DE boosted its stake in shares of Verra Mobility by 76.6% in 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 in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Verra Mobility in the 1st quarter valued at $224,000. Hancock Whitney Corp acquired a new stake in shares of Verra Mobility in the 4th quarter valued at $241,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Verra Mobility by 32.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,451 shares of the company's stock valued at $258,000 after purchasing an additional 2,823 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group reduced their price target on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen cut shares of Verra Mobility from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Robert W. Baird raised their price objective on shares of Verra Mobility from $28.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $27.88.

Verra Mobility Trading Up 2.6%

NASDAQ:VRRM traded up $0.6390 on Friday, hitting $25.2390. 102,592 shares of the stock were exchanged, compared to its average volume of 1,113,644. The stock has a market capitalization of $4.03 billion, a price-to-earnings ratio of 105.31, a P/E/G ratio of 2.85 and a beta of 0.79. Verra Mobility Corp has a 52 week low of $19.51 and a 52 week high of $28.25. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.21 and a current ratio of 2.28. The company's 50-day moving average price is $24.73 and its 200 day moving average price is $23.67.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.01. The firm had revenue of $236.03 million during the quarter, compared to analysts' expectations of $232.78 million. Verra Mobility had a return on equity of 55.14% and a net margin of 4.30%.The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS. On average, equities research analysts forecast that Verra Mobility Corp will post 1.08 earnings per share for the current 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.