Westwood Holdings Group Inc. Has $107.86 Million Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Westwood Holdings Group Inc. grew its holdings in shares of 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 Securities and Exchange Commission. The institutional investor owned 4,460,793 shares of the company's stock after purchasing an additional 994,775 shares during the period. Verra Mobility makes up 0.8% of Westwood Holdings Group Inc.'s portfolio, making the stock its 25th biggest holding. Westwood Holdings Group Inc. owned 2.71% of Verra Mobility worth $107,862,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Tidal Investments LLC bought a new position in shares of Verra Mobility during the 4th quarter valued at about $11,755,000. State of Wyoming boosted its position in shares of Verra Mobility by 109.6% during the 4th quarter. State of Wyoming now owns 23,292 shares of the company's stock valued at $563,000 after purchasing an additional 12,178 shares in the last quarter. Sycale Advisors NY LLC bought a new position in shares of Verra Mobility during the 4th quarter valued at about $12,654,000. ProShare Advisors LLC boosted its position in shares of Verra Mobility by 43.1% during the 4th quarter. ProShare Advisors LLC now owns 49,665 shares of the company's stock valued at $1,201,000 after purchasing an additional 14,963 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Verra Mobility by 11.3% during the fourth quarter. Nuveen Asset Management LLC now owns 453,506 shares of the company's stock valued at $10,966,000 after buying an additional 46,202 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. 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. Morgan Stanley reduced their price objective on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. 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. Finally, Robert W. Baird increased their price target on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $27.38.

Verra Mobility Stock Down 2.6%

Shares of NASDAQ VRRM traded down $0.64 during mid-day trading on Wednesday, reaching $23.89. The company had a trading volume of 904,710 shares, compared to its average volume of 1,185,063. The stock has a fifty day moving average of $22.16 and a two-hundred day moving average of $23.54. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 39.82, a PEG ratio of 2.18 and a beta of 0.80. Verra Mobility Co. has a 12-month low of $19.51 and a 12-month high of $31.03.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $223.25 million during the quarter, compared to analyst estimates of $216.94 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. As a group, equities research analysts expect that Verra Mobility Co. will post 1.08 EPS for the current year.

Insider Activity 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 shares were sold at an average price of $24.28, for a total transaction 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. This trade represents a 94.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.05% of the company's stock.

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.