D. E. Shaw & Co. Inc. Takes Position in Verra Mobility Co. (NASDAQ:VRRM)

D. E. Shaw & Co. Inc. purchased a new position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 123,284 shares of the company's stock, valued at approximately $2,981,000. D. E. Shaw & Co. Inc. owned approximately 0.07% of Verra Mobility as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in shares of Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after purchasing an additional 1,640 shares during the last quarter. Avanza Fonder AB purchased a new stake in shares of Verra Mobility during the 4th quarter worth $74,000. Aster Capital Management DIFC Ltd lifted its position in shares of Verra Mobility by 585.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock worth $114,000 after purchasing an additional 4,031 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Verra Mobility during the 4th quarter worth $129,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Verra Mobility by 6.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock worth $154,000 after purchasing an additional 409 shares during the last quarter.

Insider Buying and Selling at Verra Mobility

In other news, insider Jonathan Keyser sold 18,719 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $24.28, for a total transaction of $454,497.32. Following the transaction, the insider now directly owns 1,179 shares in the company, valued at $28,626.12. The trade was a 94.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.05% of the stock is currently owned by company insiders.

Verra Mobility Stock Performance

NASDAQ VRRM traded down $0.30 during trading on Friday, reaching $23.46. The company's stock had a trading volume of 627,648 shares, compared to its average volume of 1,184,619. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 39.10, a P/E/G ratio of 2.18 and a beta of 0.80. Verra Mobility Co. has a twelve month low of $19.51 and a twelve month high of $31.03. The business's fifty day moving average price is $22.28 and its 200-day moving average price is $23.55.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. The company had revenue of $223.25 million for the quarter, compared to analyst estimates 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 in the previous year, the business posted $0.27 earnings per share. As a group, analysts anticipate that Verra Mobility Co. will post 1.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Robert W. Baird boosted their price target on shares of Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. 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 research report on Thursday, March 27th. Finally, UBS Group reduced their price target on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research report on Thursday, May 8th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $27.38.

About Verra Mobility

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.