Robeco Schweiz AG purchased a new position in shares of Via Transportation Inc. (NYSE:VIA – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 253,700 shares of the company’s stock, valued at approximately $7,674,000. Robeco Schweiz AG owned 0.31% of Via Transportation as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in VIA. Principal Financial Group Inc. raised its holdings in shares of Via Transportation by 39.6% in the 1st quarter. Principal Financial Group Inc. now owns 1,086,438 shares of the company’s stock worth $16,297,000 after buying an additional 308,283 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Via Transportation by 41.9% in the 1st quarter. Janus Henderson Group PLC now owns 854,589 shares of the company’s stock valued at $12,819,000 after buying an additional 252,381 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Via Transportation by 222.4% in the 1st quarter. Renaissance Technologies LLC now owns 329,500 shares of the company’s stock valued at $4,942,000 after buying an additional 227,300 shares in the last quarter. Weiss Asset Management LP bought a new stake in Via Transportation in the first quarter valued at $2,433,000. Finally, Bank of New York Mellon Corp bought a new stake in Via Transportation in the second quarter valued at $2,437,000. 74.40% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Morgan Stanley increased their price objective on Via Transportation from $24.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, September 21st. Weiss Ratings downgraded shares of Via Transportation from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, October 13th. Citigroup reaffirmed a “market outperform” rating on shares of Via Transportation in a report on Monday, September 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $35.00 target price on shares of Via Transportation in a report on Wednesday, October 7th. Finally, Oppenheimer increased their target price on shares of Via Transportation from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Via Transportation currently has an average rating of “Moderate Buy” and a consensus target price of $34.75.
Check Out Our Latest Analysis on VIA
Via Transportation Trading Up 2.9%
Shares of VIA stock opened at $36.75 on Friday. The firm’s 50 day moving average is $29.20 and its 200-day moving average is $21.41. Via Transportation Inc. has a 1 year low of $12.95 and a 1 year high of $55.20. The firm has a market capitalization of $3.00 billion and a price-to-earnings ratio of -32.24.
Via Transportation (NYSE:VIA – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.19. Via Transportation had a negative net margin of 20.04% and a negative return on equity of 12.33%. The business had revenue of $135.71 million for the quarter. On average, equities research analysts forecast that Via Transportation Inc. will post -0.81 earnings per share for the current fiscal year.
Insider Activity at Via Transportation
In related news, Director Nechemia Peres purchased 10,080 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of $24.74 per share, with a total value of $249,379.20. Following the purchase, the director directly owned 40,514 shares in the company, valued at $1,002,316.36. This trade represents a 33.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 39.28% of the company’s stock.
About Via Transportation
Via Transportation, Inc (NYSE: VIA) is a transportation technology company that provides software and services for public transit agencies, corporations, universities, schools and other organizations. Its platform is designed to help manage on-demand and fixed-route transportation, including shared rides, paratransit, microtransit and shuttle services.
The company’s technology supports functions such as vehicle and driver management, routing, scheduling, rider booking, payments, customer communications and performance analysis.
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