PNC Financial Services Group Inc. Sells 5,043 Shares of Verra Mobility Co. (NASDAQ:VRRM)

PNC Financial Services Group Inc. lessened its position in shares of Verra Mobility Co. (NASDAQ:VRRM) by 47.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,670 shares of the company’s stock after selling 5,043 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Verra Mobility were worth $131,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. increased its position in Verra Mobility by 98.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,905 shares of the company’s stock worth $44,000 after purchasing an additional 943 shares during the last quarter. Montag A & Associates Inc. bought a new stake in shares of Verra Mobility in the 4th quarter worth about $60,000. GAMMA Investing LLC purchased a new stake in shares of Verra Mobility during the 4th quarter valued at about $65,000. Quadrant Capital Group LLC lifted its holdings in shares of Verra Mobility by 99.5% in the 4th quarter. Quadrant Capital Group LLC now owns 3,081 shares of the company’s stock valued at $71,000 after acquiring an additional 1,537 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in Verra Mobility in the fourth quarter worth about $73,000.

Insider Activity

In related news, Director Michael P. Huerta sold 8,690 shares of Verra Mobility stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $26.50, for a total transaction of $230,285.00. Following the completion of the transaction, the director now directly owns 18,025 shares of the company’s stock, valued at approximately $477,662.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director John H. Rexford sold 9,005 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $26.37, for a total value of $237,461.85. Following the sale, the director now directly owns 41,275 shares in the company, valued at $1,088,421.75. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael P. Huerta sold 8,690 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $26.50, for a total value of $230,285.00. Following the transaction, the director now owns 18,025 shares of the company’s stock, valued at approximately $477,662.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,993 shares of company stock valued at $736,974. 0.96% of the stock is currently owned by company insiders.

Verra Mobility Trading Up 0.5 %

Shares of VRRM stock opened at $27.36 on Friday. The company has a market cap of $4.56 billion, a PE ratio of 54.72, a price-to-earnings-growth ratio of 1.84 and a beta of 1.27. Verra Mobility Co. has a 1 year low of $17.04 and a 1 year high of $28.45. The stock’s 50 day simple moving average is $26.52 and its two-hundred day simple moving average is $24.28. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.75 and a quick ratio of 2.64.

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

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.