Verra Mobility (NASDAQ:VRRM) Sets New 52-Week High at $26.90

Verra Mobility Co. (NASDAQ:VRRM - Get Free Report)'s share price hit a new 52-week high on Thursday . The company traded as high as $26.90 and last traded at $26.76, with a volume of 11798 shares changing hands. The stock had previously closed at $26.87.

Analysts Set New Price Targets

Separately, Morgan Stanley upped their price target on Verra Mobility from $19.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 27th.

Verra Mobility Trading Up 0.4 %

The company has a quick ratio of 2.64, a current ratio of 2.75 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $4.48 billion, a PE ratio of 53.98, a P/E/G ratio of 1.95 and a beta of 1.16. The firm's 50 day simple moving average is $24.20 and its 200-day simple moving average is $22.48.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.02). Verra Mobility had a return on equity of 37.87% and a net margin of 9.77%. The company had revenue of $211.01 million for the quarter, compared to analyst estimates of $201.76 million. As a group, equities research analysts anticipate that Verra Mobility Co. will post 1.07 EPS for the current year.

Insiders Place Their Bets

In other news, Director John H. Rexford sold 10,000 shares of Verra Mobility stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total transaction of $228,200.00. Following the sale, the director now owns 41,275 shares in the company, valued at $941,895.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director John H. Rexford sold 10,000 shares of the firm's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $22.82, for a total transaction of $228,200.00. Following the completion of the sale, the director now directly owns 41,275 shares in the company, valued at $941,895.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan Keyser sold 7,789 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $22.41, for a total value of $174,551.49. The disclosure for this sale can be found here. 0.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On Verra Mobility

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in Verra Mobility by 2.5% in the third quarter. Bank of New York Mellon Corp now owns 1,360,276 shares of the company's stock valued at $25,437,000 after buying an additional 32,859 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Verra Mobility by 11.3% in the 3rd quarter. New York State Teachers Retirement System now owns 59,415 shares of the company's stock valued at $1,111,000 after acquiring an additional 6,032 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Verra Mobility by 23.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,228 shares of the company's stock valued at $397,000 after acquiring an additional 3,989 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Verra Mobility by 15.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 50,148 shares of the company's stock worth $938,000 after purchasing an additional 6,548 shares during the last quarter. Finally, TD Asset Management Inc acquired a new position in Verra Mobility in the third quarter worth $466,000.

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.