Amalgamated Bank Sells 1,305 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Amalgamated Bank trimmed its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,794 shares of the company’s stock after selling 1,305 shares during the quarter. Amalgamated Bank’s holdings in Verra Mobility were worth $1,382,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Verra Mobility in the 4th quarter valued at $21,740,000. Assetmark Inc. grew its stake in Verra Mobility by 184.5% in the fourth quarter. Assetmark Inc. now owns 8,873 shares of the company’s stock valued at $204,000 after purchasing an additional 5,754 shares during the last quarter. Franklin Resources Inc. grew its stake 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 purchasing an additional 674 shares during the last quarter. United Services Automobile Association bought a new position in Verra Mobility in the fourth quarter worth about $259,000. Finally, TFO Wealth Partners LLC lifted its position in shares of Verra Mobility by 399,300.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,994 shares of the company’s stock valued at $92,000 after buying an additional 3,993 shares during the last quarter.

Analyst Upgrades and Downgrades

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

Verra Mobility Trading Up 0.7 %

Verra Mobility stock opened at $27.46 on Friday. Verra Mobility Co. has a one year low of $18.49 and a one year high of $31.03. The stock has a market cap of $4.52 billion, a PE ratio of 54.92, a price-to-earnings-growth ratio of 1.83 and a beta of 1.27. The company has a debt-to-equity ratio of 2.36, a quick ratio of 2.47 and a current ratio of 2.57. The stock has a 50-day moving average of $27.97 and a two-hundred day moving average of $26.65.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Thursday, August 8th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. The company had revenue of $222.43 million during the quarter, compared to analysts’ expectations of $220.32 million. Verra Mobility had a net margin of 11.34% and a return on equity of 39.89%. Verra Mobility’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. On average, research analysts anticipate that Verra Mobility Co. will post 1.07 EPS for the current fiscal 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.