Verra Mobility Co. (NASDAQ:VRRM) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 628,099 shares of the company's stock after acquiring an additional 12,194 shares during the quarter. Verra Mobility comprises about 0.6% of Harbor Capital Advisors Inc.'s investment portfolio, making the stock its 19th largest position. Harbor Capital Advisors Inc. owned approximately 0.39% of Verra Mobility worth $14,139,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of 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 in the last quarter. Price T Rowe Associates Inc. MD increased its position in Verra Mobility by 10.1% during 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. Westwood Holdings Group Inc. raised its holdings in Verra Mobility by 28.7% in the 4th quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company's stock valued at $107,862,000 after acquiring an additional 994,775 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Verra Mobility by 5.0% in the 4th quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company's stock valued at $101,938,000 after buying an additional 200,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Verra Mobility by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,268,729 shares of the company's stock valued at $79,037,000 after purchasing an additional 71,031 shares during the last quarter.

Insider Transactions at Verra Mobility

In related news, insider Jonathan Keyser sold 18,719 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $24.28, for a total value of $454,497.32. Following the transaction, the insider now directly owns 1,179 shares in the company, valued at approximately $28,626.12. This 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. Corporate insiders own 1.05% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Morgan Stanley decreased their target price on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. UBS Group lowered 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 upped their price objective on shares of Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Finally, Baird R W upgraded 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 one has issued a strong buy rating to the stock. Based on data from MarketBeat, Verra Mobility presently has a consensus rating of "Buy" and a consensus price target of $27.38.

Verra Mobility Price Performance

Shares of VRRM stock traded down $0.44 on Friday, reaching $23.94. The company's stock had a trading volume of 1,015,302 shares, compared to its average volume of 1,174,196. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 39.90, a price-to-earnings-growth ratio of 2.18 and a beta of 0.76. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The stock's fifty day simple moving average is $23.02 and its 200-day simple moving average is $23.62. Verra Mobility Co. has a 1 year low of $19.51 and a 1 year high of $31.03.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm had revenue of $223.25 million during the quarter, compared to analysts' expectations of $216.94 million. During the same quarter in the prior year, the company earned $0.27 EPS. The company's revenue was up 6.5% compared to the same quarter last year. Analysts forecast that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

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.