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

ProShare Advisors LLC lowered its position in Verra Mobility Co. (NASDAQ:VRRM) by 23.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,665 shares of the company’s stock after selling 6,575 shares during the quarter. ProShare Advisors LLC’s holdings in Verra Mobility were worth $589,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its stake in Verra Mobility by 1.5% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company’s stock valued at $742,000 after acquiring an additional 391 shares during the last quarter. Montag A & Associates Inc. grew its stake in Verra Mobility by 17.1% in the first quarter. Montag A & Associates Inc. now owns 3,045 shares of the company’s stock worth $76,000 after purchasing an additional 445 shares in the last quarter. Franklin Resources Inc. increased its holdings in Verra Mobility by 1.3% in the fourth quarter. Franklin Resources Inc. now owns 52,050 shares of the company’s stock valued at $1,199,000 after buying an additional 674 shares during the last quarter. Sage Rhino Capital LLC raised its stake in Verra Mobility by 3.3% during the second quarter. Sage Rhino Capital LLC now owns 24,548 shares of the company’s stock valued at $668,000 after buying an additional 793 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Verra Mobility by 2.0% during the second quarter. Arizona State Retirement System now owns 44,285 shares of the company’s stock valued at $1,205,000 after buying an additional 864 shares in the last quarter.

Verra Mobility Stock Performance

VRRM opened at $27.81 on Monday. The company has a current ratio of 2.57, a quick ratio of 2.47 and a debt-to-equity ratio of 2.36. The business’s 50 day moving average is $27.93 and its 200-day moving average is $26.74. The stock has a market cap of $4.63 billion, a PE ratio of 55.62, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27. Verra Mobility Co. has a twelve month low of $18.61 and a twelve month high of $31.03.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings results 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 net margin of 11.34% and a return on equity of 39.89%. The company had revenue of $222.43 million during the quarter, compared to analyst estimates of $220.32 million. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS. On average, analysts predict that Verra Mobility Co. will post 1.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on VRRM shares. Morgan Stanley increased their price target on Verra Mobility from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft increased their target price on 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.