Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lessened its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,622,983 shares of the company's stock after selling 513,493 shares during the period. Mackenzie Financial Corp owned approximately 3.98% of Verra Mobility worth $152,527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Carmel Capital Partners LLC purchased a new position in shares of Verra Mobility during the third quarter worth $27,000. Pacer Advisors Inc. raised its holdings in shares of Verra Mobility by 98.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,905 shares of the company's stock worth $44,000 after purchasing an additional 943 shares during the last quarter. Ronald Blue Trust Inc. raised its holdings in shares of Verra Mobility by 25.2% during the third quarter. Ronald Blue Trust Inc. now owns 2,913 shares of the company's stock worth $57,000 after purchasing an additional 587 shares during the last quarter. Amundi purchased a new position in Verra Mobility in the fourth quarter valued at $43,000. Finally, Assetmark Inc. purchased a new position in Verra Mobility in the third quarter valued at $58,000.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Verra Mobility

In other news, Director John H. Rexford sold 10,000 shares of the business's stock in a transaction dated Tuesday, March 12th. The shares were 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 owns 41,275 shares of the company's stock, valued at $941,895.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jonathan Keyser sold 7,789 shares of the business's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $22.41, for a total transaction of $174,551.49. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, the director now owns 41,275 shares in the company, valued at $941,895.50. The disclosure for this sale can be found here. Corporate insiders own 1.02% of the company's stock.

Verra Mobility Stock Performance

VRRM traded down $0.09 on Tuesday, reaching $24.08. The stock had a trading volume of 580,022 shares, compared to its average volume of 1,077,569. Verra Mobility Co. has a 12-month low of $16.22 and a 12-month high of $25.57. The company has a current ratio of 2.05, a quick ratio of 1.96 and a debt-to-equity ratio of 2.44. The business's 50-day moving average price is $23.28 and its two-hundred day moving average price is $21.86. The company has a market cap of $4.00 billion, a P/E ratio of 67.25, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $211.01 million during the quarter, compared to analysts' expectations of $201.76 million. Verra Mobility had a net margin of 6.98% and a return on equity of 41.86%. Sell-side analysts forecast that Verra Mobility Co. will post 1.07 earnings per share for the current 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.