Brevan Howard Capital Management LP Sells 12,270 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Brevan Howard Capital Management LP lowered its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 52.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,216 shares of the company's stock after selling 12,270 shares during the period. Brevan Howard Capital Management LP's holdings in Verra Mobility were worth $271,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in Verra Mobility by 2,915.3% in the fourth quarter. American Century Companies Inc. now owns 2,086,049 shares of the company's stock worth $50,441,000 after acquiring an additional 2,016,866 shares in the last quarter. Norges Bank bought a new position in shares of Verra Mobility during the 4th quarter valued at about $46,156,000. Sunriver Management LLC acquired a new position in shares of Verra Mobility in the 4th quarter worth approximately $33,503,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Verra Mobility by 10.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,111,775 shares of the company's stock worth $220,323,000 after purchasing an additional 837,648 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of Verra Mobility by 46.6% during the 4th quarter. Schroder Investment Management Group now owns 969,338 shares of the company's stock valued at $23,361,000 after acquiring an additional 308,187 shares during the last quarter.

Insider Activity

In other news, insider Jonathan Keyser sold 18,719 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $24.28, for a total value of $454,497.32. Following the completion of the sale, the insider now directly owns 1,179 shares of the company's stock, valued at approximately $28,626.12. This represents a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.05% of the stock is currently owned by company insiders.

Verra Mobility Stock Performance

VRRM stock traded up $0.24 during midday trading on Thursday, hitting $23.69. 733,959 shares of the company traded hands, compared to its average volume of 1,178,119. Verra Mobility Co. has a twelve month low of $19.51 and a twelve month high of $31.03. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 39.48, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The business has a 50 day simple moving average of $21.78 and a 200-day simple moving average of $23.60.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.01. The business had revenue of $223.25 million for the quarter, compared to analyst estimates of $216.94 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. Verra Mobility's revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.27 EPS. As a group, equities research analysts predict that Verra Mobility Co. will post 1.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on VRRM. Morgan Stanley decreased their target price on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Robert W. Baird increased their price objective on Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Baird R W upgraded shares of Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd. Finally, UBS Group reduced their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a research note on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $27.38.

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.