Man Group plc lessened its holdings in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,556 shares of the company's stock after selling 32,113 shares during the quarter. Man Group plc owned approximately 0.18% of Verra Mobility worth $7,001,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Barclays PLC grew its position in shares of Verra Mobility by 400.2% during the 3rd quarter. Barclays PLC now owns 294,457 shares of the company's stock worth $8,189,000 after buying an additional 235,589 shares during the period. LPL Financial LLC lifted its position in shares of Verra Mobility by 8.4% during the fourth quarter. LPL Financial LLC now owns 151,920 shares of the company's stock valued at $3,673,000 after purchasing an additional 11,772 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in Verra Mobility during the fourth quarter worth about $2,348,000. Smartleaf Asset Management LLC grew its position in Verra Mobility by 245.1% in 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Verra Mobility by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,822,236 shares of the company's stock valued at $44,062,000 after buying an additional 102,575 shares during the last quarter.
Verra Mobility Trading Down 1.3%
Shares of VRRM traded down $0.30 during trading hours on Friday, reaching $23.46. 627,648 shares of the company traded hands, compared to its average volume of 1,184,619. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 39.10, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The company's fifty day moving average price is $22.28 and its two-hundred day moving average price is $23.55. 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 announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. The business 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%. The company's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. Equities research analysts predict that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. Morgan Stanley reduced their price objective on shares of 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 cut their target price on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating on the stock in a report on Thursday, May 8th. Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Finally, Robert W. Baird boosted their price objective 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. 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 stock. Based on data from MarketBeat, Verra Mobility currently has an average rating of "Buy" and a consensus price target of $27.38.
View Our Latest Analysis on VRRM
Insider Buying and Selling at Verra Mobility
In related news, insider Jonathan Keyser sold 18,719 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $24.28, for a total value of $454,497.32. Following the completion of the transaction, the insider now owns 1,179 shares of the company's stock, valued at approximately $28,626.12. This represents a 94.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.05% of the company's stock.
About Verra Mobility
(
Free Report)
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.
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