First Trust Advisors LP Decreases Stake in Verra Mobility Co. (NASDAQ:VRRM)

First Trust Advisors LP reduced its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 53.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,039 shares of the company's stock after selling 115,504 shares during the period. First Trust Advisors LP owned about 0.06% of Verra Mobility worth $2,467,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in shares of Verra Mobility by 245.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock valued at $56,000 after buying an additional 1,640 shares in the last quarter. Avanza Fonder AB purchased a new position in Verra Mobility during the 4th quarter valued at about $74,000. Aster Capital Management DIFC Ltd raised its position in Verra Mobility by 585.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company's stock worth $114,000 after acquiring an additional 4,031 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Verra Mobility in the fourth quarter valued at about $129,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Verra Mobility by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company's stock valued at $154,000 after purchasing an additional 409 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Baird R W upgraded Verra Mobility from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 22nd. Robert W. Baird boosted their price target on Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday. Morgan Stanley decreased their price objective on Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. Finally, UBS Group cut their target price 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. One equities research 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 stock presently has an average rating of "Buy" and a consensus target price of $27.38.

Verra Mobility Stock Performance

Shares of Verra Mobility stock remained flat at $24.28 during trading hours on Friday. The company's stock had a trading volume of 1,255,155 shares, compared to its average volume of 1,172,894. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 40.47, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility Co. has a one year low of $19.51 and a one year high of $31.03. The company's 50-day moving average is $21.64 and its two-hundred day moving average is $23.64.

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 analysts' consensus estimates of $0.29 by $0.01. The firm had revenue of $223.25 million for the quarter, compared to analyst estimates of $216.94 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $0.27 EPS. On average, equities research analysts anticipate that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

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.