UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 421,377 Shares of Verra Mobility Co. (NASDAQ:VRRM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 25.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,064,618 shares of the company's stock after purchasing an additional 421,377 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.25% of Verra Mobility worth $49,922,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in VRRM. Smartleaf Asset Management LLC raised its stake in Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after buying an additional 1,640 shares during the period. Aster Capital Management DIFC Ltd increased its holdings in shares of Verra Mobility by 585.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock valued at $114,000 after acquiring an additional 4,031 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Verra Mobility during the fourth quarter worth approximately $129,000. PNC Financial Services Group Inc. lifted its holdings in shares of 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 purchasing an additional 409 shares in 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 purchasing an additional 2,710 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have commented on VRRM. UBS Group decreased their price target on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research note on Thursday, May 8th. Robert W. Baird boosted their target price 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. Morgan Stanley lowered their target price on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Finally, Baird R W upgraded Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $27.38.

Verra Mobility Stock Down 0.9%

VRRM traded down $0.22 during mid-day trading on Thursday, reaching $23.83. 215,419 shares of the stock were exchanged, compared to its average volume of 1,177,791. Verra Mobility Co. has a 1 year low of $19.51 and a 1 year high of $31.03. 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 stock has a market capitalization of $3.80 billion, a PE ratio of 39.75, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80. The company has a 50 day moving average price of $22.46 and a two-hundred day moving average price of $23.56.

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 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 business had revenue of $223.25 million for the quarter, compared to analysts' expectations of $216.94 million. During the same period in the previous year, the company earned $0.27 earnings per share. The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts anticipate that Verra Mobility Co. will post 1.08 EPS for the current year.

Insider Transactions at Verra Mobility

In related news, insider Jonathan Keyser sold 18,719 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $24.28, for a total transaction of $454,497.32. Following the completion of the sale, the insider now directly owns 1,179 shares of the company's stock, valued at approximately $28,626.12. This trade represents a 94.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.05% of the company's stock.

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.