Equitable Trust Co. Sells 30,260 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Equitable Trust Co. lowered its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 439,875 shares of the company's stock after selling 30,260 shares during the period. Verra Mobility accounts for 0.8% of Equitable Trust Co.'s investment portfolio, making the stock its 28th biggest holding. Equitable Trust Co. owned approximately 0.27% of Verra Mobility worth $12,233,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of VRRM. Crossmark Global Holdings Inc. boosted its holdings in Verra Mobility by 1.5% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company's stock worth $742,000 after buying an additional 391 shares during the period. US Bancorp DE boosted its holdings in Verra Mobility by 10.3% in the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company's stock worth $125,000 after buying an additional 418 shares during the period. Montag A & Associates Inc. boosted its holdings in Verra Mobility by 17.1% in the 1st quarter. Montag A & Associates Inc. now owns 3,045 shares of the company's stock worth $76,000 after buying an additional 445 shares during the period. Signaturefd LLC boosted its holdings in Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company's stock worth $29,000 after buying an additional 561 shares during the period. Finally, Blue Trust Inc. boosted its holdings in 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.

Verra Mobility Price Performance

NASDAQ:VRRM traded up $0.18 during trading hours on Friday, hitting $23.44. The stock had a trading volume of 2,558,274 shares, compared to its average volume of 1,244,431. The company has a 50 day simple moving average of $26.60 and a two-hundred day simple moving average of $27.09. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility Co. has a one year low of $18.76 and a one year high of $31.03. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 39.07, a P/E/G ratio of 2.16 and a beta of 1.27.

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. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The company had revenue of $225.55 million during the quarter, compared to the consensus estimate of $226.65 million. During the same period in the previous year, the firm posted $0.27 EPS. The firm's revenue was up 7.4% compared to the same quarter last year. Research analysts forecast that Verra Mobility Co. will post 1.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Robert W. Baird cut their price target on shares of Verra Mobility from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Morgan Stanley cut their price target on shares of Verra Mobility from $26.00 to $25.00 and set an "equal weight" rating for the company in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Verra Mobility from $31.00 to $29.00 and set a "buy" rating for the company in a report on Friday, November 1st.

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.