Westwood Holdings Group Inc. increased its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 28.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,460,793 shares of the company's stock after acquiring an additional 994,775 shares during the quarter. Verra Mobility comprises 0.8% of Westwood Holdings Group Inc.'s investment portfolio, making the stock its 25th largest holding. Westwood Holdings Group Inc. owned approximately 2.71% of Verra Mobility worth $107,862,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in VRRM. Barclays PLC increased its holdings in Verra Mobility by 400.2% in the 3rd quarter. Barclays PLC now owns 294,457 shares of the company's stock worth $8,189,000 after acquiring an additional 235,589 shares during the last quarter. Avanza Fonder AB purchased a new stake in Verra Mobility in the 4th quarter worth about $74,000. ZWJ Investment Counsel Inc. purchased a new stake in Verra Mobility in the 4th quarter worth about $213,000. Perpetual Ltd grew its holdings in Verra Mobility by 12.4% during the 4th quarter. Perpetual Ltd now owns 272,898 shares of the company's stock valued at $6,599,000 after buying an additional 30,030 shares in the last quarter. Finally, Dakota Wealth Management grew its holdings in Verra Mobility by 33.4% during the 4th quarter. Dakota Wealth Management now owns 10,395 shares of the company's stock valued at $251,000 after buying an additional 2,605 shares in the last quarter.
Verra Mobility Price Performance
Shares of NASDAQ VRRM traded down $0.30 during midday trading on Friday, hitting $23.46. 627,648 shares of the company's stock were exchanged, compared to its average volume of 1,184,215. Verra Mobility Co. has a 12-month low of $19.51 and a 12-month high of $31.03. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 39.10, a PEG ratio of 2.18 and a beta of 0.80. The business's fifty day moving average price is $22.28 and its two-hundred day moving average price is $23.55.
Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $216.94 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. Verra Mobility's revenue was up 6.5% on a year-over-year basis. As a group, research analysts forecast that Verra Mobility Co. will post 1.08 EPS for the current fiscal year.
Insider Transactions at Verra Mobility
In related news, insider Jonathan Keyser sold 18,719 shares of the business'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 value of $454,497.32. Following the completion of the sale, the insider now owns 1,179 shares in the company, valued at $28,626.12. The trade was a 94.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.05% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research firms have weighed in on VRRM. Robert W. Baird lifted their target price on Verra Mobility from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Baird R W raised Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. Morgan Stanley reduced their target price on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Finally, UBS Group reduced their target price on Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $27.38.
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About Verra Mobility
(
Free Report)
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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