Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC cut its stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 581,684 shares of the company's stock after selling 99,832 shares during the quarter. Peregrine Capital Management LLC owned about 0.35% of Verra Mobility worth $13,396,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Ronald Blue Trust Inc. lifted its position in Verra Mobility by 25.2% in the third quarter. Ronald Blue Trust Inc. now owns 2,913 shares of the company's stock worth $57,000 after buying an additional 587 shares during the last quarter. Occudo Quantitative Strategies LP lifted its position in Verra Mobility by 2.7% in the second quarter. Occudo Quantitative Strategies LP now owns 23,015 shares of the company's stock worth $362,000 after buying an additional 598 shares during the last quarter. Arizona State Retirement System lifted its position in Verra Mobility by 1.8% in the third quarter. Arizona State Retirement System now owns 34,257 shares of the company's stock worth $641,000 after buying an additional 603 shares during the last quarter. Citigroup Inc. lifted its position in Verra Mobility by 6.4% in the fourth quarter. Citigroup Inc. now owns 10,863 shares of the company's stock worth $150,000 after buying an additional 649 shares during the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in Verra Mobility by 6.1% in the first quarter. Ameritas Investment Partners Inc. now owns 11,805 shares of the company's stock worth $192,000 after buying an additional 681 shares during the last quarter.

Verra Mobility Trading Up 1.1 %

Shares of NASDAQ:VRRM traded up $0.28 on Tuesday, hitting $25.05. 750,678 shares of the company's stock were exchanged, compared to its average volume of 1,107,891. Verra Mobility Co. has a 12 month low of $16.22 and a 12 month high of $25.57. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 69.59, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. The business's 50 day simple moving average is $23.20 and its two-hundred day simple moving average is $21.70. The company has a debt-to-equity ratio of 2.44, a current ratio of 2.05 and a quick ratio of 1.96.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its earnings results on Thursday, February 29th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). The business had revenue of $211.01 million for the quarter, compared to the consensus estimate of $201.76 million. Verra Mobility had a return on equity of 41.86% and a net margin of 6.98%. Analysts anticipate that Verra Mobility Co. will post 1.07 EPS for the current fiscal year.

Insider Activity at Verra Mobility

In related news, Director John H. Rexford sold 10,000 shares of Verra Mobility stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $22.82, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Verra Mobility news, Director John H. Rexford sold 10,000 shares of Verra Mobility stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $22.82, for a total value of $228,200.00. Following the transaction, 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 through the SEC website. Also, insider Jonathan Keyser sold 7,789 shares of Verra Mobility stock in a transaction dated Monday, March 4th. The shares were 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. 1.02% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Verra Mobility 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.