Verra Mobility (NASDAQ:VRRM) Hits New 12-Month High at $26.90

Shares of Verra Mobility Co. (NASDAQ:VRRM) reached a new 52-week high during trading on Thursday . The company traded as high as $26.90 and last traded at $26.76, with a volume of 11798 shares trading hands. The stock had previously closed at $26.87.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised their price target on shares of Verra Mobility from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, February 27th.

Verra Mobility Stock Down 0.1 %

The company has a current ratio of 2.75, a quick ratio of 2.64 and a debt-to-equity ratio of 2.31. The firm has a market capitalization of $4.46 billion, a PE ratio of 53.74, a PEG ratio of 1.95 and a beta of 1.16. The stock has a 50 day simple moving average of $24.10 and a 200 day simple moving average of $22.45.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). The firm had revenue of $211.01 million for the quarter, compared to the consensus estimate of $201.76 million. Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. As a group, sell-side analysts forecast that Verra Mobility Co. will post 1.07 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director John H. Rexford sold 10,000 shares of Verra Mobility stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total transaction of $228,200.00. Following the sale, the director now owns 41,275 shares of the company’s stock, valued at approximately $941,895.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John H. Rexford sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $22.82, for a total value of $228,200.00. Following the transaction, the director now directly owns 41,275 shares of the company’s stock, valued at approximately $941,895.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan Keyser sold 7,789 shares of Verra Mobility stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $22.41, for a total value of $174,551.49. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Institutional Investors Weigh In On Verra Mobility

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Verra Mobility by 16.4% during the third quarter. Vanguard Group Inc. now owns 17,409,355 shares of the company’s stock valued at $325,555,000 after buying an additional 2,447,297 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Verra Mobility by 2.0% during the 3rd quarter. Wellington Management Group LLP now owns 8,581,420 shares of the company’s stock valued at $160,473,000 after buying an additional 168,418 shares in the last quarter. FMR LLC grew its stake in shares of Verra Mobility by 1.4% during the 3rd quarter. FMR LLC now owns 5,494,800 shares of the company’s stock valued at $102,753,000 after acquiring an additional 74,292 shares during the period. Principal Financial Group Inc. increased its holdings in Verra Mobility by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 3,816,488 shares of the company’s stock worth $95,298,000 after acquiring an additional 140,471 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Verra Mobility by 8.2% during the 3rd quarter. Invesco Ltd. now owns 3,117,739 shares of the company’s stock worth $58,302,000 after acquiring an additional 237,532 shares during the period.

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.