Swiss National Bank Buys 53,100 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Swiss National Bank boosted its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 317,600 shares of the company's stock after buying an additional 53,100 shares during the period. Swiss National Bank owned approximately 0.19% of Verra Mobility worth $7,314,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in Verra Mobility by 2.5% during the third quarter. Bank of New York Mellon Corp now owns 1,360,276 shares of the company's stock worth $25,437,000 after acquiring an additional 32,859 shares in the last quarter. New York State Teachers Retirement System grew its stake 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 buying an additional 6,032 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Verra Mobility by 23.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,228 shares of the company's stock valued at $397,000 after buying an additional 3,989 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Verra Mobility by 15.0% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 50,148 shares of the company's stock worth $938,000 after buying an additional 6,548 shares during the period. Finally, TD Asset Management Inc bought a new position in Verra Mobility in the third quarter worth approximately $466,000.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upped 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 Stock Down 0.7 %

NASDAQ VRRM traded down $0.18 during trading hours on Wednesday, hitting $27.37. The company's stock had a trading volume of 1,032,548 shares, compared to its average volume of 1,038,713. The company has a market capitalization of $4.56 billion, a PE ratio of 54.74, a price-to-earnings-growth ratio of 1.83 and a beta of 1.16. The company has a current ratio of 2.75, a quick ratio of 2.64 and a debt-to-equity ratio of 2.31. Verra Mobility Co. has a 52 week low of $17.04 and a 52 week high of $27.79. The company's 50-day simple moving average is $24.50 and its two-hundred day simple moving average is $22.67.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $201.76 million. Research analysts anticipate that Verra Mobility Co. will post 1.09 EPS for the current fiscal year.

Insider Buying and Selling at Verra Mobility

In related news, Director John H. Rexford sold 10,000 shares of the firm'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 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 link. In other Verra Mobility news, Director John H. Rexford sold 10,000 shares of the firm's 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 of the company's stock, valued at $941,895.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan Keyser sold 7,789 shares of the company's stock in a transaction on 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. Corporate insiders own 0.96% of the company's stock.

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.