Union Bancaire Privee UBP SA Has $443,000 Stock Holdings in Verra Mobility Corp $VRRM

Key Points

• Union Bancaire Privee UBP SA reduced its holdings in Verra Mobility Corp by 60%, now owning 17,497 shares worth approximately $443,000.
• Several institutional investors, including GAMMA Investing LLC and Harbor Capital Advisors Inc., have significantly increased their stakes in Verra Mobility this year, indicating growing investor interest.
• Verra Mobility's stock currently holds a Buy consensus rating, with a target price increase from $28.00 to $30.00, despite a recent downgrade from "strong-buy".

Union Bancaire Privee UBP SA trimmed its stake in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 60.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,497 shares of the company's stock after selling 26,238 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Verra Mobility were worth $443,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VRRM. GAMMA Investing LLC increased its position in Verra Mobility by 2,258.8% during the 1st quarter. GAMMA Investing LLC now owns 83,242 shares of the company's stock worth $1,874,000 after purchasing an additional 79,713 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in Verra Mobility by 2.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 628,099 shares of the company's stock worth $14,139,000 after purchasing an additional 12,194 shares in the last quarter. SG Americas Securities LLC acquired a new position in Verra Mobility during the 1st quarter worth approximately $816,000. Exchange Traded Concepts LLC increased its position in Verra Mobility by 30.1% during the 1st quarter. Exchange Traded Concepts LLC now owns 37,276 shares of the company's stock worth $839,000 after purchasing an additional 8,631 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in Verra Mobility by 32.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 11,451 shares of the company's stock worth $258,000 after purchasing an additional 2,823 shares in the last quarter.

Analyst Upgrades and Downgrades

VRRM has been the topic of several recent research reports. Wall Street Zen downgraded shares of Verra Mobility from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Robert W. Baird lifted their target price on shares of Verra Mobility from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Verra Mobility currently has a consensus rating of "Buy" and a consensus target price of $27.88.

Verra Mobility Stock Down 1.5%

Shares of NASDAQ VRRM opened at $24.32 on Thursday. The company has a market capitalization of $3.88 billion, a P/E ratio of 101.34, a price-to-earnings-growth ratio of 2.89 and a beta of 0.77. Verra Mobility Corp has a 52-week low of $19.51 and a 52-week high of $27.83. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.21 and a current ratio of 2.28. The company's 50 day moving average price is $24.62 and its 200-day moving average price is $23.75.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.01. The firm had revenue of $236.03 million for the quarter, compared to the consensus estimate of $232.78 million. Verra Mobility had a net margin of 4.30% and a return on equity of 55.14%. The company's revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 EPS. Equities analysts forecast that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Verra Mobility Company 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.

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