AMI Asset Management Corp Decreases Stake in Verra Mobility Co. (NASDAQ:VRRM)

AMI Asset Management Corp cut its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC grew its position in shares of 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 purchasing an additional 561 shares in the last quarter. First Horizon Advisors Inc. increased its stake in shares of Verra Mobility by 192.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock worth $32,000 after acquiring an additional 745 shares during the last quarter. Avanza Fonder AB acquired a new stake in shares of Verra Mobility in the 4th quarter worth $74,000. Blue Trust Inc. raised its holdings 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 acquiring an additional 694 shares during the period. Finally, US Bancorp DE boosted its position in shares of Verra Mobility by 10.3% during the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock valued at $125,000 after acquiring an additional 418 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VRRM. Robert W. Baird cut their price objective on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Morgan Stanley cut their target price on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th.

Verra Mobility Trading Up 1.0 %

Shares of VRRM stock opened at $25.48 on Tuesday. Verra Mobility Co. has a 1-year low of $20.26 and a 1-year high of $31.03. The firm has a market cap of $4.20 billion, a PE ratio of 42.47, a price-to-earnings-growth ratio of 2.13 and a beta of 1.23. The company has a 50-day moving average of $23.97 and a two-hundred day moving average of $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 (NASDAQ:VRRM) last announced its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The company had revenue of $225.55 million for the quarter, compared to analyst estimates of $226.65 million. During the same quarter in the previous year, the company earned $0.27 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that Verra Mobility Co. will post 1.08 EPS for the current year.

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.