Union Bancaire Privee UBP SA Sells 53,697 Shares of Verra Mobility Co. (NASDAQ:VRRM)

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

Several other hedge funds have also recently bought and sold shares of VRRM. LPL Financial LLC lifted its stake in shares of Verra Mobility by 8.4% in the 4th quarter. LPL Financial LLC now owns 151,920 shares of the company's stock valued at $3,673,000 after purchasing an additional 11,772 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Verra Mobility by 245.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after purchasing an additional 1,640 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Verra Mobility by 6.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,822,236 shares of the company's stock valued at $44,062,000 after buying an additional 102,575 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Verra Mobility during the fourth quarter worth about $297,000. Finally, New York State Teachers Retirement System raised its stake in shares of Verra Mobility by 24.9% in the fourth quarter. New York State Teachers Retirement System now owns 78,842 shares of the company's stock valued at $1,906,000 after acquiring an additional 15,719 shares during the last quarter.

Insider Transactions at Verra Mobility

In related news, insider Jonathan Keyser sold 18,719 shares of the firm's 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 transaction, the insider now directly owns 1,179 shares in the company, valued at $28,626.12. This trade represents a 94.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.05% of the stock is currently owned by insiders.

Verra Mobility Stock Down 1.8%

Shares of VRRM stock traded down $0.44 on Friday, reaching $23.94. 1,015,302 shares of the company were exchanged, compared to its average volume of 1,174,196. 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 company has a 50-day moving average of $23.02 and a 200-day moving average of $23.62. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 39.90, a PEG ratio of 2.18 and a beta of 0.76. Verra Mobility Co. has a one year low of $19.51 and a one year high of $31.03.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $216.94 million. During the same period in the prior year, the firm posted $0.27 EPS. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. Analysts anticipate that Verra Mobility Co. will post 1.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Baird R W raised Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. UBS Group reduced their target price on Verra Mobility from $31.50 to $29.50 and set a "buy" rating on the stock in a report on Thursday, May 8th. Robert W. Baird boosted their price objective on Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. Finally, Morgan Stanley dropped their price objective 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. One equities research 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.com, the company has a consensus rating of "Buy" and a consensus 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.