SG Americas Securities LLC Decreases Holdings in Verra Mobility Co. (NASDAQ:VRRM)

SG Americas Securities LLC trimmed its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 97.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,015 shares of the company’s stock after selling 171,665 shares during the period. SG Americas Securities LLC’s holdings in Verra Mobility were worth $115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in Verra Mobility by 1,439.4% during the 3rd quarter. American Century Companies Inc. now owns 1,707,090 shares of the company’s stock worth $31,923,000 after buying an additional 1,596,194 shares during the last quarter. Rhumbline Advisers increased its position in shares of Verra Mobility by 10.6% during the third quarter. Rhumbline Advisers now owns 457,147 shares of the company’s stock worth $8,549,000 after purchasing an additional 43,733 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Verra Mobility by 15.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,481,330 shares of the company’s stock worth $27,701,000 after purchasing an additional 200,755 shares in the last quarter. Schroder Investment Management Group acquired a new stake in shares of Verra Mobility during the third quarter worth about $14,679,000. Finally, Principal Financial Group Inc. increased its position in shares of Verra Mobility by 167.2% during the third quarter. Principal Financial Group Inc. now owns 2,201,277 shares of the company’s stock worth $41,164,000 after purchasing an additional 1,377,421 shares in the last quarter.

Verra Mobility Stock Down 1.2 %

VRRM opened at $23.44 on Friday. The business’s 50-day simple moving average is $23.38 and its 200-day simple moving average is $21.92. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.96 and a current ratio of 2.05. Verra Mobility Co. has a one year low of $16.22 and a one year high of $25.57. The stock has a market capitalization of $3.89 billion, a P/E ratio of 65.11, a price-to-earnings-growth ratio of 1.81 and a beta of 1.17.

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

Insider Activity at Verra Mobility

In related news, insider Jonathan Keyser sold 7,789 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $22.41, for a total value of $174,551.49. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director John H. Rexford sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was 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 in the company, valued at approximately $941,895.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $174,551.49. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Verra Mobility Company 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.