Swedbank AB reduced its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 907,000 shares of the company's stock after selling 39,000 shares during the quarter. Swedbank AB owned 0.55% of Verra Mobility worth $25,224,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quest Partners LLC lifted its stake in shares of Verra Mobility by 1,732.7% in the second quarter. Quest Partners LLC now owns 1,008 shares of the company's stock worth $27,000 after acquiring an additional 953 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Verra Mobility by 112.4% during the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company's stock valued at $29,000 after buying an additional 561 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Verra Mobility by 192.0% during the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company's stock worth $32,000 after buying an additional 745 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Verra Mobility by 713.5% in 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. raised its holdings in Verra Mobility by 27.5% in the third quarter. Blue Trust Inc. now owns 3,219 shares of the company's stock valued at $88,000 after acquiring an additional 694 shares in the last quarter.
Verra Mobility Stock Performance
VRRM stock traded down $0.38 during midday trading on Tuesday, reaching $23.61. The company had a trading volume of 1,279,805 shares, compared to its average volume of 1,093,875. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The stock has a 50 day moving average price of $25.81 and a 200 day moving average price of $26.98. The firm has a market capitalization of $3.89 billion, a PE ratio of 39.48, a P/E/G ratio of 2.11 and a beta of 1.27. Verra Mobility Co. has a fifty-two week low of $19.67 and a fifty-two week high of $31.03.
Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, hitting analysts' consensus estimates of $0.32. The firm 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%. The firm's revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. Analysts anticipate that Verra Mobility Co. will post 1.08 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Morgan Stanley cut their target price on shares of Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft reduced their target price on Verra Mobility from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Finally, Robert W. Baird lowered their price target on Verra Mobility from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Friday, November 1st.
Check Out Our Latest Research Report on Verra Mobility
Verra Mobility Company Profile
(
Free Report)
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.
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