Union Bancaire Privee UBP SA Cuts Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Union Bancaire Privee UBP SA decreased its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 55.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,735 shares of the company's stock after selling 53,697 shares during the period. Union Bancaire Privee UBP SA's holdings in Verra Mobility were worth $910,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in shares of Verra Mobility during the 1st quarter valued at about $816,000. Harbor Capital Advisors Inc. boosted its position in shares of Verra Mobility by 2.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 628,099 shares of the company's stock valued at $14,139,000 after purchasing an additional 12,194 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Verra Mobility by 2,258.8% during the 1st quarter. GAMMA Investing LLC now owns 83,242 shares of the company's stock valued at $1,874,000 after purchasing an additional 79,713 shares in the last quarter. Armis Advisers LLC bought a new stake in shares of Verra Mobility during the 4th quarter valued at about $307,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in Verra Mobility by 14.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 262,479 shares of the company's stock worth $6,347,000 after acquiring an additional 32,627 shares in the last quarter.

Verra Mobility Stock Up 1.0%

Shares of VRRM stock traded up $0.23 during trading hours on Monday, reaching $24.17. The company had a trading volume of 776,615 shares, compared to its average volume of 1,174,697. Verra Mobility Co. has a 12 month low of $19.51 and a 12 month high of $31.03. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. The business has a fifty day simple moving average of $23.08 and a 200-day simple moving average of $23.63. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 40.28, a price-to-earnings-growth ratio of 2.18 and a beta of 0.76.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The company had revenue of $223.25 million for the quarter, compared to analyst estimates of $216.94 million. During the same quarter last year, the company earned $0.27 earnings per share. The company's revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts expect that Verra Mobility Co. 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 business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $24.28, for a total value of $454,497.32. Following the transaction, the insider now owns 1,179 shares of the company's stock, valued at approximately $28,626.12. The trade was a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.05% of the company's stock.

Analyst Upgrades and Downgrades

VRRM has been the topic of several recent research reports. UBS Group cut their price target on Verra Mobility from $31.50 to $29.50 and set a "buy" rating on the stock in a report on Thursday, May 8th. Morgan Stanley cut their price target on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Robert W. Baird increased their price target on Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Finally, Baird R W upgraded Verra Mobility from a "hold" rating to a "strong-buy" rating in a report 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 company's stock. Based on data from MarketBeat, Verra Mobility currently has a consensus rating of "Buy" and an average price target of $27.38.

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.