Crossmark Global Holdings Inc. Decreases Stake in Verra Mobility Co. (NASDAQ:VRRM)

Crossmark Global Holdings Inc. decreased its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 63.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,859 shares of the company’s stock after selling 17,424 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Verra Mobility were worth $274,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VRRM. Quest Partners LLC lifted its stake in shares of Verra Mobility by 1,732.7% in the second quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock valued at $27,000 after purchasing an additional 953 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Verra Mobility in the first quarter valued at about $26,000. Signaturefd LLC lifted its position in shares of Verra Mobility by 112.4% during the 3rd 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. Fifth Third Bancorp boosted its stake in shares of Verra Mobility by 713.5% during the 2nd quarter. Fifth Third Bancorp now owns 3,124 shares of the company’s stock worth $85,000 after acquiring an additional 2,740 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after acquiring an additional 694 shares during the period.

Verra Mobility Price Performance

VRRM stock opened at $23.42 on Monday. The stock’s 50 day moving average price is $26.25 and its 200 day moving average price is $27.10. The firm has a market cap of $3.86 billion, a P/E ratio of 39.03, a PEG ratio of 2.09 and a beta of 1.27. 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 Co. has a 1 year low of $19.63 and a 1 year 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 the consensus estimate of $0.32. The business had revenue of $225.55 million for the quarter, compared to the consensus estimate of $226.65 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 earnings per share. On average, sell-side analysts expect that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VRRM. Deutsche Bank Aktiengesellschaft dropped their price objective on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Morgan Stanley dropped their price target on 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. Finally, Robert W. Baird decreased their price objective on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st.

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.