Nuveen Asset Management LLC Raises Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Nuveen Asset Management LLC increased its stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 11.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 453,506 shares of the company's stock after acquiring an additional 46,202 shares during the quarter. Nuveen Asset Management LLC owned 0.28% of Verra Mobility worth $10,966,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in Verra Mobility by 245.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after acquiring an additional 1,640 shares during the last quarter. Aster Capital Management DIFC Ltd increased its position in shares of Verra Mobility by 585.1% in the fourth 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 bought a new position in Verra Mobility in the fourth quarter valued at $129,000. PNC Financial Services Group Inc. lifted its position in Verra Mobility by 6.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock worth $154,000 after buying an additional 409 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Verra Mobility by 61.9% in the 4th quarter. KBC Group NV now owns 7,090 shares of the company's stock worth $171,000 after acquiring an additional 2,710 shares during the last quarter.

Insider Activity

In other news, insider Jonathan Keyser sold 18,719 shares of Verra Mobility stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 1,179 shares of the company's stock, valued at $28,626.12. The trade was a 94.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.05% of the company's stock.

Verra Mobility Trading Down 0.7%

VRRM traded down $0.17 on Friday, reaching $23.67. 689,330 shares of the company traded hands, compared to its average volume of 1,181,007. The company has a market cap of $3.77 billion, a P/E ratio of 39.45, 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. Verra Mobility Co. has a one year low of $19.51 and a one year high of $31.03. The firm has a fifty day simple moving average of $22.56 and a two-hundred day simple moving average of $23.57.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The business had revenue of $223.25 million for the quarter, compared to the consensus estimate of $216.94 million. During the same quarter last year, the firm posted $0.27 EPS. The company's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts expect that Verra Mobility Co. will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on VRRM shares. Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Robert W. Baird increased 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. Morgan Stanley cut 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. Finally, UBS Group decreased their price objective 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 research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average 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.