Thrivent Financial for Lutherans Sells 8,935 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Thrivent Financial for Lutherans cut its position in Verra Mobility Co. (NASDAQ:VRRM) by 4.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 197,639 shares of the company’s stock after selling 8,935 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Verra Mobility were worth $5,496,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in VRRM. Fiera Capital Corp bought a new stake in Verra Mobility in the 3rd quarter worth about $33,905,000. Swedbank AB purchased a new position in shares of Verra Mobility in the 1st quarter worth $26,218,000. New York State Common Retirement Fund grew its holdings in shares of Verra Mobility by 62.9% in the third quarter. New York State Common Retirement Fund now owns 1,152,330 shares of the company’s stock worth $32,046,000 after acquiring an additional 444,911 shares during the period. Summit Creek Advisors LLC bought a new position in Verra Mobility in the second quarter valued at about $10,370,000. Finally, Harbor Capital Advisors Inc. boosted its position in Verra Mobility by 149.8% in the third quarter. Harbor Capital Advisors Inc. now owns 605,851 shares of the company’s stock worth $16,849,000 after purchasing an additional 363,357 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently commented on VRRM shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Robert W. Baird decreased their price target on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Morgan Stanley cut their price objective on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th.

Verra Mobility Trading Up 1.9 %

Verra Mobility stock opened at $23.64 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a 12-month low of $19.67 and a 12-month high of $31.03. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 39.40, a P/E/G ratio of 2.07 and a beta of 1.27. The firm has a 50 day moving average of $25.87 and a 200 day moving average of $27.00.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $225.55 million for the quarter, compared to the consensus estimate of $226.65 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The company’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. As a group, research analysts predict that Verra Mobility Co. will post 1.08 earnings per share for the current year.

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.