Verra Mobility Corp $VRRM Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its holdings in Verra Mobility Corp (NASDAQ:VRRM) by 34.0% in the third quarter, HoldingsChannel.com reports. The firm owned 1,551,600 shares of the company’s stock after selling 800,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in Verra Mobility were worth $38,325,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Rothschild Investment LLC lifted its position in shares of Verra Mobility by 238.3% during the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock worth $29,000 after buying an additional 822 shares during the last quarter. CWM LLC lifted its position in Verra Mobility by 112.2% in the second quarter. CWM LLC now owns 1,509 shares of the company’s stock valued at $38,000 after acquiring an additional 798 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Verra Mobility by 439.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock valued at $38,000 after acquiring an additional 1,217 shares in the last quarter. Osaic Holdings Inc. boosted its stake in Verra Mobility by 285.8% in the second quarter. Osaic Holdings Inc. now owns 3,044 shares of the company’s stock valued at $72,000 after acquiring an additional 2,255 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Verra Mobility by 46.7% during the second quarter. Smartleaf Asset Management LLC now owns 3,414 shares of the company’s stock worth $87,000 after purchasing an additional 1,087 shares during the last quarter.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Wall Street Zen downgraded Verra Mobility from a “strong-buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a research note on Monday, December 29th. JPMorgan Chase & Co. decreased their price objective on Verra Mobility from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday. Morgan Stanley lowered their target price on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Robert W. Baird set a $24.00 price target on shares of Verra Mobility in a research report on Wednesday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $24.75.

Verra Mobility Stock Down 1.4%

Verra Mobility stock opened at $16.71 on Friday. The stock has a 50 day moving average of $20.53 and a two-hundred day moving average of $22.49. Verra Mobility Corp has a twelve month low of $15.58 and a twelve month high of $25.83. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.70 and a beta of 0.59. The company has a current ratio of 2.10, a quick ratio of 2.35 and a debt-to-equity ratio of 3.49.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Tuesday, February 24th. The company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The company had revenue of $257.86 million during the quarter, compared to analyst estimates of $241.17 million. During the same period in the previous year, the firm posted $0.33 EPS. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, research analysts expect that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Verra Mobility Company Profile

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.