OLD National Bancorp IN Makes New Investment in Verra Mobility Co. (NASDAQ:VRRM)

OLD National Bancorp IN bought a new position in shares of Verra Mobility Co. (NASDAQ:VRRM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,159 shares of the company’s stock, valued at approximately $234,000.

A number of other institutional investors and hedge funds also recently modified their holdings of VRRM. Carmel Capital Partners LLC acquired a new stake in shares of Verra Mobility during the third quarter worth $27,000. Pacer Advisors Inc. raised its holdings in shares of Verra Mobility by 98.0% during the fourth quarter. Pacer Advisors Inc. now owns 1,905 shares of the company’s stock worth $44,000 after purchasing an additional 943 shares during the period. Assetmark Inc. acquired a new stake in shares of Verra Mobility in the 3rd quarter worth about $58,000. NBC Securities Inc. bought a new stake in Verra Mobility in the 3rd quarter valued at about $62,000. Finally, RiverPark Advisors LLC bought a new stake in Verra Mobility in the 3rd quarter valued at about $75,000.

Analyst Upgrades and Downgrades

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

Verra Mobility Trading Down 0.1 %

Shares of NASDAQ:VRRM opened at $24.23 on Friday. The company has a market cap of $4.02 billion, a PE ratio of 67.31, a P/E/G ratio of 1.82 and a beta of 1.17. The company’s 50-day moving average price is $23.53 and its 200 day moving average price is $22.10. Verra Mobility Co. has a fifty-two week low of $16.22 and a fifty-two week high of $25.57. The company has a quick ratio of 1.96, a current ratio of 2.05 and a debt-to-equity ratio of 2.44.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Verra Mobility had a return on equity of 41.86% and a net margin of 6.98%. The company had revenue of $211.01 million for the quarter, compared to the consensus estimate of $201.76 million. Sell-side analysts anticipate that Verra Mobility Co. will post 1.07 earnings per share for the current year.

Insiders Place Their Bets

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

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.