Vanguard Group Inc. Sells 174,188 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Vanguard Group Inc. cut its stake in Verra Mobility Co. (NASDAQ:VRRM) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,235,167 shares of the company’s stock after selling 174,188 shares during the period. Vanguard Group Inc. owned 10.38% of Verra Mobility worth $396,926,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in Verra Mobility by 98.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,905 shares of the company’s stock valued at $44,000 after acquiring an additional 943 shares during the last quarter. Montag A & Associates Inc. bought a new stake in Verra Mobility in the fourth quarter valued at approximately $60,000. GAMMA Investing LLC bought a new stake in Verra Mobility in the fourth quarter valued at approximately $65,000. Quadrant Capital Group LLC boosted its holdings in shares of Verra Mobility by 99.5% during the 4th quarter. Quadrant Capital Group LLC now owns 3,081 shares of the company’s stock worth $71,000 after buying an additional 1,537 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Verra Mobility during the 4th quarter worth approximately $73,000.

Insiders Place Their Bets

In related news, EVP Jonathan Baldwin sold 9,758 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $26.14, for a total value of $255,074.12. Following the transaction, the executive vice president now directly owns 7,673 shares in the company, valued at approximately $200,572.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Jonathan Baldwin sold 9,758 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $26.14, for a total value of $255,074.12. Following the transaction, the executive vice president now directly owns 7,673 shares in the company, valued at approximately $200,572.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael P. Huerta sold 8,690 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $26.50, for a total value of $230,285.00. Following the completion of the transaction, the director now owns 18,025 shares in the company, valued at $477,662.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,993 shares of company stock worth $736,974. Corporate insiders own 0.96% of the company’s stock.

Verra Mobility Price Performance

Verra Mobility stock opened at $27.39 on Friday. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 54.78, a PEG ratio of 1.85 and a beta of 1.22. Verra Mobility Co. has a 52-week low of $17.04 and a 52-week high of $28.45. The stock’s 50 day moving average price is $26.21 and its two-hundred day moving average price is $24.10. The company has a debt-to-equity ratio of 2.31, a quick ratio of 2.64 and a current ratio of 2.75.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $209.73 million for the quarter, compared to analysts’ expectations of $202.78 million. Verra Mobility had a return on equity of 37.87% and a net margin of 9.77%. On average, equities analysts predict that Verra Mobility Co. will post 1.09 earnings per share for the current year.

Verra Mobility Company 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.