253,700 Shares in Via Transportation Inc. $VIA Bought by Robeco Schweiz AG

Robeco Schweiz AG purchased a new stake in Via Transportation Inc. (NYSE:VIA) during the third quarter, Holdings Channel reports. The institutional investor purchased 253,700 shares of the company’s stock, valued at approximately $7,674,000.

Several other hedge funds and other institutional investors have also bought and sold shares of VIA. Wellington Management Group LLP grew its holdings in Via Transportation by 0.3% during the second quarter. Wellington Management Group LLP now owns 2,486,601 shares of the company’s stock valued at $45,107,000 after purchasing an additional 6,395 shares during the period. Principal Financial Group Inc. raised its holdings in Via Transportation by 39.6% in the first quarter. Principal Financial Group Inc. now owns 1,086,438 shares of the company’s stock worth $16,297,000 after purchasing an additional 308,283 shares during the period. Janus Henderson Group PLC raised its holdings in Via Transportation by 41.9% in the first quarter. Janus Henderson Group PLC now owns 854,589 shares of the company’s stock worth $12,819,000 after purchasing an additional 252,381 shares during the period. Stephens Investment Management Group LLC raised its holdings in Via Transportation by 43.3% in the first quarter. Stephens Investment Management Group LLC now owns 335,591 shares of the company’s stock worth $5,034,000 after purchasing an additional 101,380 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Via Transportation by 222.4% during the first quarter. Renaissance Technologies LLC now owns 329,500 shares of the company’s stock worth $4,942,000 after purchasing an additional 227,300 shares in the last quarter. Institutional investors own 74.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VIA. Wells Fargo & Company boosted their price target on shares of Via Transportation from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $35.00 price objective on shares of Via Transportation in a research report on Wednesday, October 7th. Morgan Stanley raised their price objective on Via Transportation from $24.00 to $33.00 and gave the stock an “overweight” rating in a research note on Monday, September 21st. Citigroup reiterated a “market outperform” rating on shares of Via Transportation in a report on Monday, September 14th. Finally, Oppenheimer boosted their target price on Via Transportation from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Nine analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.75.

Insider Buying and Selling

In related news, Director Nechemia Peres bought 10,080 shares of Via Transportation stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $24.74 per share, with a total value of $249,379.20. Following the purchase, the director owned 40,514 shares in the company, valued at approximately $1,002,316.36. This trade represents a 33.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 39.28% of the company’s stock.

Via Transportation Stock Performance

NYSE VIA opened at $36.75 on Friday. The business has a 50 day simple moving average of $29.20 and a 200 day simple moving average of $21.41. Via Transportation Inc. has a 52-week low of $12.95 and a 52-week high of $55.20. The stock has a market cap of $3.00 billion and a price-to-earnings ratio of -32.24.

Via Transportation (NYSE:VIA) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.19. The firm had revenue of $135.71 million for the quarter. Via Transportation had a negative net margin of 20.04% and a negative return on equity of 12.33%. On average, analysts predict that Via Transportation Inc. will post -0.81 EPS for the current year.

Via Transportation Company Profile

Via Transportation, Inc (NYSE: VIA) is a transportation technology company that provides software and services for public transit agencies, corporations, universities, schools and other organizations. Its platform is designed to help manage on-demand and fixed-route transportation, including shared rides, paratransit, microtransit and shuttle services.

The company’s technology supports functions such as vehicle and driver management, routing, scheduling, rider booking, payments, customer communications and performance analysis.