Thrivent Financial for Lutherans Sells 8,959 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Thrivent Financial for Lutherans lessened its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 4.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 206,574 shares of the company’s stock after selling 8,959 shares during the quarter. Thrivent Financial for Lutherans owned 0.12% of Verra Mobility worth $5,619,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of VRRM. Allspring Global Investments Holdings LLC acquired a new stake in shares of Verra Mobility in the 1st quarter valued at $26,000. Quest Partners LLC boosted its holdings in shares of Verra Mobility by 1,732.7% in the 2nd quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock valued at $27,000 after purchasing an additional 953 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Verra Mobility in the 1st quarter valued at $74,000. Montag A & Associates Inc. boosted its holdings in shares of Verra Mobility by 17.1% in the 1st quarter. Montag A & Associates Inc. now owns 3,045 shares of the company’s stock valued at $76,000 after purchasing an additional 445 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Verra Mobility by 713.5% during the 2nd quarter. Fifth Third Bancorp now owns 3,124 shares of the company’s stock valued at $85,000 after acquiring an additional 2,740 shares in the last quarter.

Wall Street Analyst Weigh In

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

Verra Mobility Trading Up 1.3 %

NASDAQ VRRM opened at $27.81 on Friday. The company has a market cap of $4.63 billion, a price-to-earnings 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. The business’s fifty day moving average is $27.93 and its 200 day moving average is $26.69. The company has a quick ratio of 2.47, a current ratio of 2.57 and a debt-to-equity ratio of 2.36.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Thursday, August 8th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The firm had revenue of $222.43 million for the quarter, compared to the consensus estimate of $220.32 million. Verra Mobility had a return on equity of 39.89% and a net margin of 11.34%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 EPS. As a group, sell-side analysts expect that Verra Mobility Co. will post 1.07 EPS for the current fiscal year.

Verra Mobility Company 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.