Jane Street Group LLC Decreases Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Jane Street Group LLC decreased its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 12.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 198,385 shares of the company’s stock after selling 27,014 shares during the period. Jane Street Group LLC’s holdings in Verra Mobility were worth $5,517,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC boosted its position in Verra Mobility by 459.0% during the second quarter. SG Americas Securities LLC now owns 27,139 shares of the company’s stock valued at $738,000 after buying an additional 22,284 shares during the period. Fifth Third Bancorp boosted its holdings in 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 during the period. Louisiana State Employees Retirement System grew its position in Verra Mobility by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 83,800 shares of the company’s stock worth $2,279,000 after acquiring an additional 1,400 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Verra Mobility by 9.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,233,141 shares of the company’s stock worth $33,541,000 after purchasing an additional 104,267 shares during the period. Finally, RiverPark Advisors LLC increased its stake in Verra Mobility by 9.6% in the 2nd quarter. RiverPark Advisors LLC now owns 18,575 shares of the company’s stock worth $505,000 after purchasing an additional 1,629 shares during the period.

Analyst Upgrades and Downgrades

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

Verra Mobility Price Performance

VRRM opened at $23.79 on Monday. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The stock has a market capitalization of $3.92 billion, a PE ratio of 39.65, a price-to-earnings-growth ratio of 2.12 and a beta of 1.23. The stock’s 50 day moving average price is $24.76 and its 200-day moving average price is $26.63. Verra Mobility Co. has a 52-week low of $20.26 and a 52-week high of $31.03.

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