Verra Mobility Co. (NASDAQ:VRRM) Stock Holdings Lowered by Everence Capital Management Inc.

Everence Capital Management Inc. trimmed its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 50.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,180 shares of the company’s stock after selling 12,300 shares during the period. Everence Capital Management Inc.’s holdings in Verra Mobility were worth $295,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in shares of Verra Mobility by 13.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock worth $224,310,000 after acquiring an additional 941,127 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Verra Mobility by 0.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company’s stock valued at $179,743,000 after purchasing an additional 36,585 shares during the period. State Street Corp increased its stake in Verra Mobility by 6.0% in the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company’s stock worth $175,234,000 after purchasing an additional 357,078 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Verra Mobility by 7.0% during the third quarter. Handelsbanken Fonder AB now owns 4,015,800 shares of the company’s stock valued at $111,679,000 after buying an additional 261,500 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Verra Mobility by 0.5% in the third quarter. Geode Capital Management LLC now owns 3,904,750 shares of the company’s stock worth $108,612,000 after buying an additional 17,688 shares during the period.

Wall Street Analyst Weigh In

VRRM has been the subject of several research analyst reports. Morgan Stanley reduced their price target 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. Deutsche Bank Aktiengesellschaft decreased their target price 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, Robert W. Baird dropped their price target on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st.

Verra Mobility Stock Up 0.4 %

Verra Mobility stock opened at $24.62 on Wednesday. The firm’s 50 day moving average price is $23.77 and its two-hundred day moving average price is $26.36. The firm has a market cap of $4.06 billion, a PE ratio of 41.03, a P/E/G ratio of 2.12 and a beta of 1.23. Verra Mobility Co. has a twelve month low of $20.26 and a twelve month high of $31.03. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $226.65 million. During the same period last year, the company earned $0.27 earnings per share. Verra Mobility’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts predict that Verra Mobility Co. will post 1.08 EPS 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.