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

Mackenzie Financial Corp trimmed its position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent disclosure 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 about 3.08% of Verra Mobility worth $122,816,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of VRRM. Vanguard Group Inc. grew its position in Verra Mobility by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company's stock worth $425,861,000 after purchasing an additional 159,348 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Verra Mobility by 10.1% in 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 buying an additional 837,648 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Verra Mobility by 28.7% in the fourth quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company's stock worth $107,862,000 after buying an additional 994,775 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Verra Mobility by 5.0% in the fourth quarter. Handelsbanken Fonder AB now owns 4,215,800 shares of the company's stock worth $101,938,000 after buying an additional 200,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Verra Mobility by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,268,729 shares of the company's stock worth $79,037,000 after buying an additional 71,031 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VRRM. Robert W. Baird raised their price target on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Morgan Stanley decreased 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. Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, UBS Group decreased their price target 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. One 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. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $27.38.

Verra Mobility Stock Performance

Shares of NASDAQ:VRRM traded down $0.28 during midday trading on Friday, reaching $23.56. The company's stock had a trading volume of 121,386 shares, compared to its average volume of 1,206,871. The firm has a market capitalization of $3.76 billion, a PE ratio of 39.27, 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 stock has a fifty day moving average of $22.51 and a 200 day moving average of $23.56. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. The firm 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%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. On average, equities analysts expect that Verra Mobility Co. will post 1.08 EPS for the current fiscal year.

Insider Transactions at Verra Mobility

In related news, insider Jonathan Keyser sold 18,719 shares of the firm's stock in a transaction 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 sale, the insider now owns 1,179 shares in the company, valued at approximately $28,626.12. This trade represents a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.05% of the company's stock.

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.