Rockefeller Capital Management L.P. Sells 2,546 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Rockefeller Capital Management L.P. lowered its position in shares of Verra Mobility Co. (NASDAQ:VRRM) by 0.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 500,866 shares of the company’s stock after selling 2,546 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.30% of Verra Mobility worth $13,927,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in VRRM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Verra Mobility by 23.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,643,241 shares of the company’s stock worth $45,699,000 after purchasing an additional 313,080 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Verra Mobility during the 3rd quarter worth approximately $910,000. Quantbot Technologies LP acquired a new stake in shares of Verra Mobility during the 3rd quarter worth approximately $1,719,000. Truvestments Capital LLC raised its stake in shares of Verra Mobility by 10.2% during the third quarter. Truvestments Capital LLC now owns 24,552 shares of the company’s stock worth $683,000 after buying an additional 2,279 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in Verra Mobility by 73.0% in the third quarter. Citigroup Inc. now owns 222,910 shares of the company’s stock valued at $6,199,000 after acquiring an additional 94,073 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have commented on VRRM shares. Robert W. Baird dropped their target price on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Morgan Stanley cut their target price on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, November 1st.

Verra Mobility Trading Up 0.5 %

NASDAQ:VRRM opened at $23.78 on Tuesday. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. The business’s 50-day simple moving average is $25.50 and its 200-day simple moving average is $26.88. Verra Mobility Co. has a fifty-two week low of $20.25 and a fifty-two week high of $31.03. The stock has a market capitalization of $3.92 billion, a PE ratio of 39.63, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The company had revenue of $225.55 million during the quarter, compared to analysts’ expectations of $226.65 million. During the same quarter in the prior year, the company earned $0.27 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. Sell-side analysts expect that Verra Mobility Co. will post 1.08 earnings per share 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.