Verra Mobility Co. (NASDAQ:VRRM) EVP Jonathan Baldwin Sells 9,758 Shares

Verra Mobility Co. (NASDAQ:VRRMGet Free Report) EVP Jonathan Baldwin sold 9,758 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $26.14, for a total transaction of $255,074.12. Following the completion of the sale, the executive vice president now directly owns 7,673 shares in the company, valued at approximately $200,572.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Verra Mobility Trading Down 1.0 %

Shares of NASDAQ VRRM traded down $0.27 during mid-day trading on Friday, hitting $25.58. The company’s stock had a trading volume of 650,335 shares, compared to its average volume of 1,010,198. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 51.18, a price-to-earnings-growth ratio of 1.79 and a beta of 1.22. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.75 and a quick ratio of 2.64. Verra Mobility Co. has a one year low of $17.04 and a one year high of $28.45. The company’s fifty day simple moving average is $25.70 and its 200-day simple moving average is $23.66.

Verra Mobility (NASDAQ:VRRMGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $209.73 million for the quarter, compared to analyst estimates of $202.78 million. Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. On average, sell-side analysts anticipate that Verra Mobility Co. will post 1.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley increased their price objective on shares of Verra Mobility from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 27th.

Get Our Latest Stock Analysis on VRRM

Institutional Trading of Verra Mobility

A number of hedge funds have recently modified their holdings of the company. Swedbank AB acquired a new stake in shares of Verra Mobility in the 1st quarter valued at approximately $26,218,000. Public Employees Retirement System of Ohio raised its position in shares of Verra Mobility by 16,613.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 143,901 shares of the company’s stock valued at $3,593,000 after acquiring an additional 143,040 shares during the period. Fairview Capital Investment Management LLC raised its position in shares of Verra Mobility by 3.9% in the 1st quarter. Fairview Capital Investment Management LLC now owns 2,389,263 shares of the company’s stock valued at $59,660,000 after acquiring an additional 90,290 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Verra Mobility by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,427,527 shares of the company’s stock valued at $185,466,000 after acquiring an additional 351,694 shares during the period. Finally, Lazard Asset Management LLC raised its position in shares of Verra Mobility by 244.0% in the 1st quarter. Lazard Asset Management LLC now owns 1,309,245 shares of the company’s stock valued at $32,691,000 after acquiring an additional 928,597 shares during the period.

About Verra Mobility

(Get 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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Insider Buying and Selling by Quarter for Verra Mobility (NASDAQ:VRRM)

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