Impax Asset Management Group plc Has $4.83 Million Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Impax Asset Management Group plc decreased its position in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 39.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 173,661 shares of the company's stock after selling 115,000 shares during the period. Impax Asset Management Group plc owned about 0.11% of Verra Mobility worth $4,830,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Quest Partners LLC boosted its position in Verra Mobility by 1,732.7% during the second quarter. Quest Partners LLC now owns 1,008 shares of the company's stock valued at $27,000 after purchasing an additional 953 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Verra Mobility during the first quarter worth $26,000. Signaturefd LLC lifted its stake 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 acquiring an additional 561 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Verra Mobility by 713.5% during the 2nd quarter. Fifth Third Bancorp now owns 3,124 shares of the company's stock worth $85,000 after purchasing an additional 2,740 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company's stock valued at $88,000 after purchasing an additional 694 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Morgan Stanley cut their price objective on Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft cut their price target on Verra Mobility from $31.00 to $29.00 and set a "buy" rating for the company in a report on Friday, November 1st. Finally, 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.

Verra Mobility Stock Performance

Shares of Verra Mobility stock traded up $0.10 on Friday, hitting $23.42. The stock had a trading volume of 1,062,669 shares, compared to its average volume of 1,094,682. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 39.03, a price-to-earnings-growth ratio of 2.09 and a beta of 1.27. The business's 50 day moving average is $26.25 and its two-hundred day moving average is $27.06. 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 twelve month low of $19.63 and a twelve month 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 for the quarter, hitting the consensus estimate of $0.32. The firm had revenue of $225.55 million for the quarter, compared to analysts' expectations of $226.65 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. Analysts forecast that Verra Mobility Co. will post 1.08 EPS for the current year.

Verra Mobility 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.