Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its position in shares of Verra Mobility Co. (NASDAQ:VRRM) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 509,222 shares of the company’s stock after selling 8,026 shares during the quarter. Blair William & Co. IL’s holdings in Verra Mobility were worth $13,851,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Verra Mobility by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 17,466,733 shares of the company’s stock worth $436,144,000 after buying an additional 231,566 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Verra Mobility by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,427,527 shares of the company’s stock worth $185,466,000 after acquiring an additional 351,694 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Verra Mobility by 3.8% in the first quarter. Principal Financial Group Inc. now owns 3,816,488 shares of the company’s stock valued at $95,298,000 after purchasing an additional 140,471 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Verra Mobility by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,180,519 shares of the company’s stock valued at $86,512,000 after purchasing an additional 193,686 shares during the last quarter. Finally, Westwood Holdings Group Inc. purchased a new position in shares of Verra Mobility during the 1st quarter worth approximately $78,881,000.

Verra Mobility Stock Performance

NASDAQ:VRRM opened at $27.71 on Friday. Verra Mobility Co. has a 1-year low of $18.49 and a 1-year high of $31.03. The firm has a market cap of $4.61 billion, a PE ratio of 55.42, a P/E/G ratio of 1.77 and a beta of 1.27. The firm has a 50 day simple moving average of $28.20 and a 200-day simple moving average of $26.45. The company has a debt-to-equity ratio of 2.36, a current ratio of 2.57 and a quick ratio of 2.47.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on VRRM shares. Deutsche Bank Aktiengesellschaft upped their target price on Verra Mobility from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Morgan Stanley upped their price objective on Verra Mobility from $22.00 to $27.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 6th.

About Verra Mobility

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.