Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Financial Management Professionals Inc.

Financial Management Professionals Inc. reduced its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 35.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,446 shares of the company’s stock after selling 1,322 shares during the quarter. Financial Management Professionals Inc.’s holdings in Verra Mobility were worth $59,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fiera Capital Corp purchased a new position in shares of Verra Mobility during the third quarter worth about $33,905,000. Wellington Management Group LLP increased its holdings in shares of Verra Mobility by 13.2% in the third quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock valued at $224,310,000 after purchasing an additional 941,127 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Verra Mobility by 62.9% during the third quarter. New York State Common Retirement Fund now owns 1,152,330 shares of the company’s stock worth $32,046,000 after purchasing an additional 444,911 shares during the period. Harbor Capital Advisors Inc. grew its position in Verra Mobility by 149.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 605,851 shares of the company’s stock valued at $16,849,000 after buying an additional 363,357 shares during the last quarter. Finally, State Street Corp increased its stake in Verra Mobility by 6.0% in the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company’s stock valued at $175,234,000 after buying an additional 357,078 shares during the period.

Wall Street Analyst Weigh In

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

Verra Mobility Stock Up 1.0 %

VRRM stock opened at $25.48 on Monday. The company has a 50 day moving average price of $23.92 and a two-hundred day moving average price of $26.23. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The stock has a market capitalization of $4.20 billion, a P/E ratio of 42.47, a PEG ratio of 2.05 and a beta of 1.23. Verra Mobility Co. has a one year low of $20.26 and a one year high of $31.03.

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

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.