Verra Mobility Co. (NASDAQ:VRRM) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 25.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,064,618 shares of the company's stock after acquiring an additional 421,377 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.25% of Verra Mobility worth $49,922,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. boosted its position in Verra Mobility by 2,915.3% during the fourth quarter. American Century Companies Inc. now owns 2,086,049 shares of the company's stock worth $50,441,000 after acquiring an additional 2,016,866 shares during the last quarter. Norges Bank purchased a new position in shares of Verra Mobility during the fourth quarter worth $46,156,000. Sunriver Management LLC purchased a new position in shares of Verra Mobility during the fourth quarter worth $33,503,000. Westwood Holdings Group Inc. boosted its position in shares of Verra Mobility by 28.7% during 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 period. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Verra Mobility by 10.1% during 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 period.

Insider Activity at Verra Mobility

In related news, insider Jonathan Keyser sold 18,719 shares of Verra Mobility 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 sale, the insider now owns 1,179 shares in the company, valued at approximately $28,626.12. The trade was a 94.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.05% of the stock is currently owned by insiders.

Analysts Set New Price Targets

VRRM has been the topic of several recent research reports. Baird R W raised shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Morgan Stanley lowered 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. Robert W. Baird boosted 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. Finally, UBS Group lowered 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 investment 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, the stock currently has a consensus rating of "Buy" and a consensus target price of $27.38.

Verra Mobility Price Performance

NASDAQ:VRRM traded down $0.22 during mid-day trading on Friday, hitting $23.62. 85,549 shares of the company's stock traded hands, compared to its average volume of 1,176,071. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The firm's 50 day simple moving average is $22.51 and its 200 day simple moving average is $23.56. Verra Mobility Co. has a 1 year low of $19.51 and a 1 year high of $31.03. The company has a market cap of $3.77 billion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80.

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

Verra Mobility 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.