Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc reduced its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 23.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 318,661 shares of the company's stock after selling 100,000 shares during the period. Impax Asset Management Group plc owned about 0.19% of Verra Mobility worth $7,339,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. lifted its holdings in shares of Verra Mobility by 125.7% during the first quarter. BlackRock Inc. now owns 21,543,408 shares of the company's stock worth $364,514,000 after buying an additional 11,996,697 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Verra Mobility by 16.4% in the 3rd quarter. Vanguard Group Inc. now owns 17,409,355 shares of the company's stock valued at $325,555,000 after purchasing an additional 2,447,297 shares during the period. Wellington Management Group LLP grew its position in shares of Verra Mobility by 2.0% during the 3rd quarter. Wellington Management Group LLP now owns 8,581,420 shares of the company's stock worth $160,473,000 after purchasing an additional 168,418 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Verra Mobility by 12.9% during the third quarter. Mackenzie Financial Corp now owns 7,136,476 shares of the company's stock worth $133,523,000 after purchasing an additional 812,723 shares during the period. Finally, FMR LLC increased its holdings in shares of Verra Mobility by 1.4% during the third quarter. FMR LLC now owns 5,494,800 shares of the company's stock worth $102,753,000 after purchasing an additional 74,292 shares during the period.

Insider Buying and Selling at Verra Mobility

In other Verra Mobility news, Director John H. Rexford sold 10,000 shares of the business'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 transaction, the director now 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 can be accessed through this hyperlink. In related news, Director John H. Rexford sold 10,000 shares of the stock in a transaction on 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan Keyser sold 7,789 shares of Verra Mobility stock in a transaction that occurred on 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. Company insiders own 1.02% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley increased their price target 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 Price Performance

Shares of NASDAQ:VRRM traded down $0.02 during midday trading on Thursday, hitting $24.66. The stock had a trading volume of 567,254 shares, compared to its average volume of 1,096,096. The company has a quick ratio of 1.96, a current ratio of 2.05 and a debt-to-equity ratio of 2.44. The company has a market capitalization of $4.09 billion, a P/E ratio of 68.94, a price-to-earnings-growth ratio of 1.86 and a beta of 1.17. The company's 50-day moving average price is $23.21 and its 200-day moving average price is $21.72. Verra Mobility Co. has a fifty-two week low of $16.22 and a fifty-two week high of $25.57.

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). Verra Mobility had a return on equity of 41.86% and a net margin of 6.98%. The business had revenue of $211.01 million for the quarter, compared to the consensus estimate of $201.76 million. As a group, equities research analysts predict that Verra Mobility Co. will post 1.07 EPS for the current fiscal year.

About Verra Mobility

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.