Verra Mobility Co. (NASDAQ:VRRM) Stock Holdings Increased by State of Wyoming

State of Wyoming increased its position in shares of Verra Mobility Co. (NASDAQ:VRRM) by 109.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,292 shares of the company’s stock after acquiring an additional 12,178 shares during the quarter. State of Wyoming’s holdings in Verra Mobility were worth $563,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Barclays PLC raised its holdings in shares of Verra Mobility by 400.2% during the third quarter. Barclays PLC now owns 294,457 shares of the company’s stock valued at $8,189,000 after acquiring an additional 235,589 shares during the period. LPL Financial LLC increased its stake in Verra Mobility by 8.4% in the 4th quarter. LPL Financial LLC now owns 151,920 shares of the company’s stock valued at $3,673,000 after buying an additional 11,772 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Verra Mobility in the 4th quarter valued at approximately $2,348,000. Smartleaf Asset Management LLC increased its stake in Verra Mobility by 245.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock valued at $56,000 after buying an additional 1,640 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Verra Mobility by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,822,236 shares of the company’s stock valued at $44,062,000 after buying an additional 102,575 shares during the period.

Verra Mobility Price Performance

NASDAQ VRRM opened at $23.72 on Monday. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a 1 year low of $19.51 and a 1 year high of $31.03. The company has a fifty day simple moving average of $21.93 and a 200 day simple moving average of $23.53. The company has a market cap of $3.79 billion, a P/E ratio of 39.53, a P/E/G ratio of 2.18 and a beta of 0.80.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm had revenue of $223.25 million during the quarter, compared to the consensus estimate of $216.94 million. During the same period in the prior year, the firm earned $0.27 EPS. The business’s revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts predict that Verra Mobility Co. will post 1.08 EPS for the current year.

Insider Buying and Selling at Verra Mobility

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of the stock in a transaction on Friday, May 9th. The shares were 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 $28,626.12. This represents a 94.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on VRRM. UBS Group dropped their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Baird R W raised shares of Verra Mobility from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd. Robert W. Baird boosted their target price on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Finally, 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 research report on Thursday, March 27th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $27.38.

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.