Peregrine Capital Management LLC Has $12.60 Million Stock Position in Verra Mobility Corp (NASDAQ:VRRM)

Peregrine Capital Management LLC raised its holdings in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 559,909 shares of the company's stock after purchasing an additional 18,620 shares during the quarter. Peregrine Capital Management LLC owned 0.35% of Verra Mobility worth $12,604,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Verra Mobility by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 17,612,101 shares of the company's stock valued at $425,861,000 after acquiring an additional 159,348 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Verra Mobility by 10.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company's stock worth $220,323,000 after purchasing an additional 837,648 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in shares of 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 purchasing an additional 994,775 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in 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 purchasing an additional 71,031 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake in Verra Mobility by 6.8% in the fourth quarter. William Blair Investment Management LLC now owns 2,854,284 shares of the company's stock worth $69,017,000 after purchasing an additional 181,072 shares in the last quarter.

Analyst Ratings Changes

VRRM has been the topic of a number of research analyst reports. 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 report on Thursday, May 8th. Morgan Stanley decreased 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 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 lowered their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Verra Mobility currently has a consensus rating of "Buy" and a consensus price target of $27.38.

Insiders Place Their Bets

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 value of $454,497.32. Following the transaction, the insider owned 1,179 shares of the company's stock, valued at $28,626.12. The trade was a 94.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.05% of the company's stock.

Verra Mobility Stock Performance

Shares of VRRM stock traded down $0.23 during trading hours on Wednesday, reaching $25.42. The stock had a trading volume of 167,945 shares, compared to its average volume of 1,156,193. The company has a debt-to-equity ratio of 3.45, a current ratio of 2.19 and a quick ratio of 2.10. The firm has a 50-day simple moving average of $23.76 and a 200-day simple moving average of $23.71. The firm has a market capitalization of $4.05 billion, a PE ratio of 127.13, a price-to-earnings-growth ratio of 2.44 and a beta of 0.77. Verra Mobility Corp has a twelve month low of $19.51 and a twelve 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, beating analysts' consensus estimates of $0.29 by $0.01. The business had revenue of $223.25 million for the quarter, compared to analyst estimates of $216.94 million. Verra Mobility had a net margin of 3.88% and a return on equity of 51.05%. The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share. As a group, equities analysts forecast that Verra Mobility Corp 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.