SG Americas Securities LLC Takes Position in Verra Mobility Corp (NASDAQ:VRRM)

SG Americas Securities LLC bought a new stake in Verra Mobility Corp (NASDAQ:VRRM - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 36,240 shares of the company's stock, valued at approximately $816,000.

A number of other hedge funds have also modified their holdings of the business. PNC Financial Services Group Inc. raised its position in shares of Verra Mobility by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock valued at $154,000 after buying an additional 409 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Verra Mobility by 2.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 18,308 shares of the company's stock valued at $443,000 after buying an additional 448 shares during the last quarter. Xponance Inc. increased its position in Verra Mobility by 9.5% during the fourth quarter. Xponance Inc. now owns 11,865 shares of the company's stock worth $287,000 after purchasing an additional 1,025 shares during the last quarter. Summit Creek Advisors LLC increased its position in Verra Mobility by 0.3% during the fourth quarter. Summit Creek Advisors LLC now owns 389,923 shares of the company's stock worth $9,428,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Verra Mobility by 9.8% during the fourth quarter. Cetera Investment Advisers now owns 13,695 shares of the company's stock worth $331,000 after purchasing an additional 1,218 shares during the last quarter.

Verra Mobility Trading Up 1.0%

VRRM stock traded up $0.24 during mid-day trading on Monday, hitting $24.41. 1,672,713 shares of the company were exchanged, compared to its average volume of 1,179,611. The company has a quick ratio of 2.10, a current ratio of 2.19 and a debt-to-equity ratio of 3.45. The firm has a market capitalization of $3.89 billion, a P/E ratio of 122.05, a PEG ratio of 2.32 and a beta of 0.76. The business has a fifty day simple moving average of $23.29 and a 200-day simple moving average of $23.64. Verra Mobility Corp 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 earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share 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 net margin of 3.88% and a return on equity of 51.05%. Verra Mobility's revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share. On average, equities research analysts predict that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of the stock in a transaction dated 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 owns 1,179 shares of the company's stock, valued at $28,626.12. This trade represents a 94.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.05% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on VRRM. Morgan Stanley cut 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 report on Thursday, March 27th. Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Robert W. Baird raised their price objective on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. Finally, UBS Group cut 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 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price 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.