Verra Mobility Corp $VRRM Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its stake in Verra Mobility Corp (NASDAQ:VRRM) by 3.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 571,329 shares of the company’s stock after selling 22,526 shares during the period. Blair William & Co. IL’s holdings in Verra Mobility were worth $14,506,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in shares of Verra Mobility by 46.6% during the second quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock worth $37,000 after purchasing an additional 460 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Verra Mobility by 13,638.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,786 shares of the company’s stock valued at $40,000 after purchasing an additional 1,773 shares during the last quarter. Quarry LP increased its position in Verra Mobility by 361.8% during the first quarter. Quarry LP now owns 4,055 shares of the company’s stock worth $91,000 after buying an additional 3,177 shares during the period. GAMMA Investing LLC lifted its stake in Verra Mobility by 11.6% in the second quarter. GAMMA Investing LLC now owns 4,128 shares of the company’s stock valued at $105,000 after buying an additional 430 shares during the last quarter. Finally, Avanza Fonder AB boosted its holdings in shares of Verra Mobility by 275.6% in the second quarter. Avanza Fonder AB now owns 5,994 shares of the company’s stock valued at $152,000 after acquiring an additional 4,398 shares during the period.

Verra Mobility Stock Up 1.9%

Shares of Verra Mobility stock opened at $23.93 on Friday. Verra Mobility Corp has a one year low of $19.51 and a one year high of $27.83. The company has a market cap of $3.82 billion, a P/E ratio of 99.71, a PEG ratio of 2.74 and a beta of 0.77. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.21 and a current ratio of 2.28. The firm has a fifty day moving average of $24.47 and a two-hundred day moving average of $23.90.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. The business had revenue of $236.03 million for the quarter, compared to analyst estimates of $232.78 million. Verra Mobility had a net margin of 4.30% and a return on equity of 55.14%. The business’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. On average, analysts forecast that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen cut shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Verra Mobility in a research report on Wednesday. Finally, Robert W. Baird upped their target price on shares of Verra Mobility from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $27.88.

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.