Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,079,244 shares of the company's stock after selling 127,018 shares during the quarter. Mackenzie Financial Corp owned 3.08% of Verra Mobility worth $122,816,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in VRRM. Smartleaf Asset Management LLC grew its stake in Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after purchasing an additional 1,640 shares during the last quarter. Aster Capital Management DIFC Ltd grew 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 last quarter. Arcadia Investment Management Corp MI purchased a new stake in Verra Mobility during the 4th quarter valued at about $129,000. PNC Financial Services Group Inc. grew 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 last quarter. Finally, KBC Group NV boosted its stake in shares of Verra Mobility by 61.9% in the fourth quarter. KBC Group NV now owns 7,090 shares of the company's stock worth $171,000 after buying an additional 2,710 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley lowered their target price on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Robert W. Baird upped their target price on 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 upgraded Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, UBS Group lowered their target price on Verra Mobility from $31.50 to $29.50 and set a "buy" rating on the stock in a research note on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Verra Mobility has an average rating of "Buy" and an average target price of $27.38.

Insider Transactions at Verra Mobility

In other 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 completion of the sale, the insider now directly owns 1,179 shares in the company, valued at $28,626.12. This represents a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.05% of the company's stock.

Verra Mobility Price Performance

NASDAQ VRRM traded down $0.06 on Wednesday, hitting $24.05. The company had a trading volume of 829,637 shares, compared to its average volume of 1,181,324. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. The company's fifty day moving average price is $22.40 and its 200-day moving average price is $23.56. The company has a market capitalization of $3.83 billion, a PE ratio of 40.08, a PEG ratio of 2.18 and a beta of 0.80. Verra Mobility Co. has a 12-month low of $19.51 and a 12-month 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 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $223.25 million during the quarter, compared to analyst estimates of $216.94 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. 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 earned $0.27 EPS. As a group, analysts predict that Verra Mobility Co. will post 1.08 earnings per share for the current 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.