Jane Street Group LLC Sells 27,014 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Jane Street Group LLC cut its position in Verra Mobility Co. (NASDAQ:VRRM) by 12.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,385 shares of the company’s stock after selling 27,014 shares during the quarter. Jane Street Group LLC owned about 0.12% of Verra Mobility worth $5,517,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VRRM. Quest Partners LLC raised its stake in 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 acquiring an additional 953 shares during the period. Signaturefd LLC increased its stake in shares of Verra Mobility by 112.4% in the third quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after purchasing an additional 561 shares in the last quarter. First Horizon Advisors Inc. raised its position in shares of Verra Mobility by 192.0% in the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock valued at $32,000 after purchasing an additional 745 shares during the period. Fifth Third Bancorp lifted its stake 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 buying an additional 2,740 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after buying an additional 694 shares during the period.

Analyst Upgrades and Downgrades

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

Verra Mobility Stock Performance

NASDAQ VRRM opened at $23.79 on Monday. The stock has a market capitalization of $3.92 billion, a PE ratio of 39.65, a P/E/G ratio of 2.12 and a beta of 1.23. Verra Mobility Co. has a 1 year low of $20.26 and a 1 year high of $31.03. The company’s 50 day simple moving average is $24.76 and its two-hundred day simple moving average is $26.63. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The business had revenue of $225.55 million for the quarter, compared to analyst estimates of $226.65 million. During the same period in the prior year, the company earned $0.27 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Analysts predict that Verra Mobility Co. will post 1.08 earnings per share 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.