Verra Mobility Co. (NASDAQ:VRRM) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 43.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,665 shares of the company’s stock after purchasing an additional 14,963 shares during the quarter. ProShare Advisors LLC’s holdings in Verra Mobility were worth $1,201,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Verra Mobility by 400.2% in the third quarter. Barclays PLC now owns 294,457 shares of the company’s stock valued at $8,189,000 after purchasing an additional 235,589 shares in the last quarter. LPL Financial LLC boosted its holdings in Verra Mobility by 8.4% in the fourth quarter. LPL Financial LLC now owns 151,920 shares of the company’s stock valued at $3,673,000 after purchasing an additional 11,772 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Verra Mobility in the fourth quarter valued at approximately $2,348,000. Smartleaf Asset Management LLC boosted its holdings in Verra Mobility by 245.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock valued at $56,000 after purchasing an additional 1,640 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Verra Mobility by 6.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,822,236 shares of the company’s stock valued at $44,062,000 after purchasing an additional 102,575 shares in the last quarter.

Insider Transactions at Verra Mobility

In other news, insider Jonathan Keyser sold 18,719 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $24.28, for a total transaction of $454,497.32. Following the completion of the sale, the insider now owns 1,179 shares in the company, valued at $28,626.12. This represents a 94.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.05% of the company’s stock.

Verra Mobility Price Performance

VRRM stock opened at $23.76 on Friday. The company has a market capitalization of $3.79 billion, a P/E ratio of 39.60, a PEG ratio of 2.18 and a beta of 0.80. Verra Mobility Co. has a twelve month low of $19.51 and a twelve month high of $31.03. The business has a 50 day simple moving average of $22.22 and a 200-day simple moving average of $23.55. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The business had revenue of $223.25 million during the quarter, compared to analysts’ expectations of $216.94 million. During the same quarter in the prior year, the business earned $0.27 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts anticipate that Verra Mobility Co. will post 1.08 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VRRM. Baird R W raised Verra Mobility from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. UBS Group decreased their price objective on Verra Mobility from $31.50 to $29.50 and set a “buy” rating for the company in a report on Thursday, May 8th. Morgan Stanley decreased their price objective on Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Finally, Robert W. Baird increased their price objective on Verra Mobility from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $27.38.

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.