Eagle Asset Management Inc. Sells 204,512 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Eagle Asset Management Inc. lessened its position in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 56.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,873 shares of the company's stock after selling 204,512 shares during the quarter. Eagle Asset Management Inc. owned about 0.10% of Verra Mobility worth $4,363,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in VRRM. Quest Partners LLC raised its position in shares of Verra Mobility by 1,732.7% during the 2nd quarter. Quest Partners LLC now owns 1,008 shares of the company's stock valued at $27,000 after acquiring an additional 953 shares during the last quarter. Signaturefd LLC increased its holdings in Verra Mobility by 112.4% in the third quarter. Signaturefd LLC now owns 1,060 shares of the company's stock valued at $29,000 after purchasing an additional 561 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in Verra Mobility by 192.0% in the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company's stock valued at $32,000 after buying an additional 745 shares during the period. Fifth Third Bancorp boosted its holdings in Verra Mobility by 713.5% during the second quarter. Fifth Third Bancorp now owns 3,124 shares of the company's stock worth $85,000 after buying an additional 2,740 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Verra Mobility by 27.5% during the third quarter. Blue Trust Inc. now owns 3,219 shares of the company's stock worth $88,000 after buying an additional 694 shares during the last quarter.

Wall Street Analyst Weigh In

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

Verra Mobility Stock Up 1.5 %

VRRM traded up $0.35 during trading on Monday, hitting $23.99. The company had a trading volume of 1,160,372 shares, compared to its average volume of 1,095,362. The firm's 50-day moving average price is $25.87 and its 200 day moving average price is $27.00. The company has a market capitalization of $3.95 billion, a PE ratio of 39.40, a PEG ratio of 2.11 and a beta of 1.27. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a one year low of $19.67 and a one year high of $31.03.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.32. The business had revenue of $225.55 million during the quarter, compared to the consensus estimate of $226.65 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. Verra Mobility'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, equities analysts expect that Verra Mobility Co. will post 1.08 earnings per share for the current 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.