Janus Henderson Group PLC Has $1.92 Million Stake in Verra Mobility Co. (NASDAQ:VRRM)

Janus Henderson Group PLC trimmed its position in Verra Mobility Co. (NASDAQ:VRRM) by 9.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,855 shares of the company’s stock after selling 7,400 shares during the quarter. Janus Henderson Group PLC’s holdings in Verra Mobility were worth $1,916,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Edgestream Partners L.P. bought a new stake in Verra Mobility in the third quarter valued at $7,039,000. Verition Fund Management LLC bought a new stake in shares of Verra Mobility during the third quarter worth $386,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Verra Mobility by 23.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,643,241 shares of the company’s stock worth $45,699,000 after purchasing an additional 313,080 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in shares of Verra Mobility during the third quarter worth $910,000. Finally, Quantbot Technologies LP bought a new stake in shares of Verra Mobility during the third quarter worth $1,719,000.

Wall Street Analysts Forecast Growth

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

Verra Mobility Trading Up 1.0 %

NASDAQ:VRRM opened at $24.01 on Friday. Verra Mobility Co. has a 1-year low of $20.26 and a 1-year high of $31.03. The business’s 50-day moving average price is $24.82 and its two-hundred day moving average price is $26.66. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 40.02, a PEG ratio of 2.12 and a beta of 1.23.

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