Westwood Holdings Group Inc. Has $109.70 Million Stock Holdings in Verra Mobility Corp (NASDAQ:VRRM)

Key Points

• Westwood Holdings Group Inc. has increased its holdings in Verra Mobility Corp by 9.3% in the first quarter, now owning approximately 4.87 million shares worth about $109.7 million.
• Analysts from Robert W. Baird raised their price target for Verra Mobility from $27.00 to $28.00, indicating an "outperform" rating, while the consensus target price is set at $27.38.
• Verra Mobility reported quarterly earnings of $0.30 per share, exceeding estimates, with a revenue of $223.25 million, up 6.5% year-over-year.

Westwood Holdings Group Inc. lifted its stake in Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 9.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,873,442 shares of the company's stock after purchasing an additional 412,649 shares during the period. Verra Mobility makes up 0.8% of Westwood Holdings Group Inc.'s investment portfolio, making the stock its 23rd largest holding. Westwood Holdings Group Inc. owned 3.05% of Verra Mobility worth $109,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in VRRM. Sunriver Management LLC acquired a new position in Verra Mobility during the fourth quarter worth approximately $33,503,000. Price T Rowe Associates Inc. MD raised its holdings 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 purchasing an additional 837,648 shares during the period. Sycale Advisors NY LLC acquired a new stake in shares of Verra Mobility in the 4th quarter worth about $12,654,000. Tidal Investments LLC acquired a new stake in shares of Verra Mobility in the 4th quarter worth about $11,755,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Verra Mobility by 25.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,064,618 shares of the company's stock valued at $49,922,000 after buying an additional 421,377 shares during the period.

Verra Mobility Price Performance

Shares of VRRM traded down $0.18 during trading hours on Wednesday, hitting $24.96. The stock had a trading volume of 1,159,102 shares, compared to its average volume of 858,089. The company's fifty day moving average is $24.73 and its two-hundred day moving average is $23.84. The company has a debt-to-equity ratio of 3.45, a current ratio of 2.19 and a quick ratio of 2.10. Verra Mobility Corp has a 52 week low of $19.51 and a 52 week high of $29.07. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 124.80, a P/E/G ratio of 2.41 and a beta of 0.79.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued 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. The business had revenue of $223.25 million for the quarter, compared to the consensus estimate of $216.94 million. Verra Mobility had a net margin of 3.88% and a return on equity of 51.05%. The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. On average, analysts anticipate that Verra Mobility Corp will post 1.08 EPS for the current year.

Insider Transactions at Verra Mobility

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $24.28, for a total transaction of $454,497.32. Following the transaction, the insider directly owned 1,179 shares in the company, valued at approximately $28,626.12. This represents a 94.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.05% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VRRM. 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. UBS Group reduced their price objective 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 price target on shares of Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Finally, Wall Street Zen lowered shares of Verra Mobility from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $27.38.

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.