Vanguard Group Inc. Acquires 2,447,297 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Vanguard Group Inc. raised its position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 16.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,409,355 shares of the company's stock after acquiring an additional 2,447,297 shares during the period. Vanguard Group Inc. owned approximately 10.47% of Verra Mobility worth $325,555,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Verra Mobility by 125.7% in the first quarter. BlackRock Inc. now owns 21,543,408 shares of the company's stock valued at $364,514,000 after buying an additional 11,996,697 shares during the period. JPMorgan Chase & Co. raised its position in Verra Mobility by 1,024.4% in the first quarter. JPMorgan Chase & Co. now owns 2,486,291 shares of the company's stock worth $42,067,000 after purchasing an additional 2,265,174 shares in the last quarter. State Street Corp increased its holdings in shares of Verra Mobility by 58.0% during the first quarter. State Street Corp now owns 4,792,503 shares of the company's stock worth $81,089,000 after buying an additional 1,759,393 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Verra Mobility by 1,439.4% during the third quarter. American Century Companies Inc. now owns 1,707,090 shares of the company's stock worth $31,923,000 after buying an additional 1,596,194 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Verra Mobility by 167.2% during the third quarter. Principal Financial Group Inc. now owns 2,201,277 shares of the company's stock worth $41,164,000 after buying an additional 1,377,421 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised their price objective on shares of Verra Mobility from $19.00 to $20.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 27th.

Insider Buying and Selling at Verra Mobility

In other Verra Mobility news, Director John H. Rexford sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total value of $228,200.00. Following the transaction, the director now directly owns 41,275 shares of the company's stock, valued at $941,895.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director John H. Rexford sold 10,000 shares of Verra Mobility stock in a transaction 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 transaction, the director now directly owns 41,275 shares of the company's stock, valued at $941,895.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jonathan Keyser sold 7,789 shares of Verra Mobility stock in a transaction on Monday, March 4th. The stock was sold at an average price of $22.41, for a total transaction of $174,551.49. The disclosure for this sale can be found here. Insiders own 1.02% of the company's stock.

Verra Mobility Price Performance

Shares of NASDAQ VRRM traded down $0.19 during mid-day trading on Thursday, hitting $24.97. 1,178,427 shares of the stock were exchanged, compared to its average volume of 1,118,455. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.96 and a current ratio of 2.05. The company has a market cap of $4.15 billion, a P/E ratio of 69.36, a PEG ratio of 1.86 and a beta of 1.16. The stock's fifty day simple moving average is $22.98 and its two-hundred day simple moving average is $21.32. Verra Mobility Co. has a twelve month low of $16.22 and a twelve month high of $25.57.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.02). The company had revenue of $211.01 million during the quarter, compared to analyst estimates of $201.76 million. Verra Mobility had a net margin of 6.98% and a return on equity of 41.86%. As a group, analysts forecast that Verra Mobility Co. will post 1.07 EPS 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.