Tower Research Capital LLC TRC Sells 7,783 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Tower Research Capital LLC TRC lessened its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 79.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,021 shares of the company’s stock after selling 7,783 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Verra Mobility were worth $49,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky boosted its position in shares of Verra Mobility by 7.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 179,624 shares of the company’s stock valued at $4,344,000 after acquiring an additional 11,701 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Verra Mobility by 1.9% during the 4th quarter. MetLife Investment Management LLC now owns 97,915 shares of the company’s stock valued at $2,368,000 after acquiring an additional 1,855 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Verra Mobility by 2.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,268,729 shares of the company’s stock valued at $79,037,000 after acquiring an additional 71,031 shares during the last quarter. Bridgewater Associates LP boosted its position in shares of Verra Mobility by 13.8% during the 4th quarter. Bridgewater Associates LP now owns 22,675 shares of the company’s stock valued at $548,000 after acquiring an additional 2,757 shares during the last quarter. Finally, Sunriver Management LLC bought a new stake in shares of Verra Mobility during the 4th quarter valued at about $33,503,000.

Verra Mobility Stock Performance

NASDAQ:VRRM opened at $24.31 on Tuesday. The business has a 50 day moving average of $21.69 and a 200 day moving average of $23.60. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 40.52, a PEG ratio of 2.18 and a beta of 0.80. Verra Mobility Co. has a 1-year low of $19.51 and a 1-year high of $31.03. 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 (NASDAQ:VRRM) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $223.25 million for the quarter, compared to analysts’ expectations of $216.94 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. On average, sell-side analysts predict that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VRRM. Baird R W upgraded Verra Mobility from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd. Robert W. Baird boosted their target price on Verra Mobility from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. UBS Group dropped their target price on Verra Mobility from $31.50 to $29.50 and set a “buy” rating for the company in a research report on Thursday, May 8th. Finally, Morgan Stanley dropped their target price on Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Verra Mobility has an average rating of “Buy” and an average price target of $27.38.

Insiders Place Their Bets

In other Verra Mobility news, insider Jonathan Keyser sold 18,719 shares of Verra Mobility stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $24.28, for a total value of $454,497.32. Following the transaction, the insider now directly owns 1,179 shares of the company’s stock, valued at $28,626.12. The trade was a 94.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.05% of the company’s stock.

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.