Blair William & Co. IL Lowers Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Blair William & Co. IL decreased its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 509,222 shares of the company’s stock after selling 8,026 shares during the quarter. Blair William & Co. IL owned about 0.31% of Verra Mobility worth $13,851,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of VRRM. Vanguard Group Inc. raised its holdings in shares of Verra Mobility by 1.3% in the first quarter. Vanguard Group Inc. now owns 17,466,733 shares of the company’s stock valued at $436,144,000 after buying an additional 231,566 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in 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. Principal Financial Group Inc. raised its stake in Verra Mobility by 3.8% during the 1st quarter. Principal Financial Group Inc. now owns 3,816,488 shares of the company’s stock valued at $95,298,000 after acquiring an additional 140,471 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Verra Mobility by 6.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,180,519 shares of the company’s stock worth $86,512,000 after acquiring an additional 193,686 shares during the period. Finally, Westwood Holdings Group Inc. purchased a new position in shares of Verra Mobility in the 1st quarter valued at approximately $78,881,000.

Verra Mobility Stock Performance

NASDAQ VRRM opened at $27.71 on Friday. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 55.42, a PEG ratio of 1.77 and a beta of 1.27. The business’s 50 day moving average is $28.20 and its two-hundred day moving average is $26.45. Verra Mobility Co. has a 12-month low of $18.49 and a 12-month high of $31.03. The company has a current ratio of 2.57, a quick ratio of 2.47 and a debt-to-equity ratio of 2.36.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. Verra Mobility had a return on equity of 39.89% and a net margin of 11.34%. The firm had revenue of $222.43 million for the quarter, compared to analyst estimates of $220.32 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. Verra Mobility’s quarterly revenue was up 8.8% on a year-over-year basis. Research analysts expect that Verra Mobility Co. will post 1.07 EPS for the current year.

Wall Street Analyst Weigh In

VRRM has been the subject of several analyst reports. Morgan Stanley upped their price target on Verra Mobility from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Verra Mobility from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, August 9th.

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.