AMI Asset Management Corp Reduces Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

AMI Asset Management Corp lowered its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,464 shares of the company’s stock after selling 1,163 shares during the quarter. AMI Asset Management Corp’s holdings in Verra Mobility were worth $809,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VRRM. US Bancorp DE lifted its holdings in shares of Verra Mobility by 10.3% in the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock valued at $125,000 after buying an additional 418 shares during the period. Signaturefd LLC lifted its holdings in Verra Mobility by 112.4% in the third quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after acquiring an additional 561 shares during the period. Tealwood Asset Management Inc. boosted its position in Verra Mobility by 1.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 44,230 shares of the company’s stock worth $1,069,000 after purchasing an additional 592 shares in the last quarter. RiverPark Advisors LLC boosted its position in Verra Mobility by 3.5% in the 3rd quarter. RiverPark Advisors LLC now owns 19,217 shares of the company’s stock worth $534,000 after purchasing an additional 642 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Verra Mobility by 27.5% during the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after purchasing an additional 694 shares during the period.

Verra Mobility Trading Up 1.0 %

Shares of NASDAQ:VRRM opened at $25.48 on Tuesday. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 42.47, a price-to-earnings-growth ratio of 2.13 and a beta of 1.23. The business’s 50 day moving average price is $23.97 and its 200-day moving average price is $26.22. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. Verra Mobility Co. has a 1 year low of $20.26 and a 1 year high of $31.03.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of $226.65 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities research analysts forecast that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on VRRM. Robert W. Baird lowered their price target on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of 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, Morgan Stanley dropped their target price on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th.

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.