Verra Mobility Co. (NASDAQ:VRRM) Director Michael P. Huerta Sells 8,690 Shares

Verra Mobility Co. (NASDAQ:VRRMGet Free Report) Director Michael P. Huerta sold 8,690 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $26.50, for a total transaction of $230,285.00. Following the completion of the sale, the director now owns 18,025 shares in the company, valued at approximately $477,662.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Verra Mobility Price Performance

Shares of Verra Mobility stock opened at $25.79 on Wednesday. Verra Mobility Co. has a 52 week low of $17.04 and a 52 week high of $28.45. The company has a current ratio of 2.75, a quick ratio of 2.64 and a debt-to-equity ratio of 2.31. The company’s 50-day moving average price is $25.53 and its two-hundred day moving average price is $23.41. The stock has a market cap of $4.29 billion, a PE ratio of 51.58, a price-to-earnings-growth ratio of 1.80 and a beta of 1.22.

Verra Mobility (NASDAQ:VRRMGet Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The business had revenue of $209.73 million for the quarter, compared to the consensus estimate of $202.78 million. Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. As a group, sell-side analysts anticipate that Verra Mobility Co. will post 1.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on Verra Mobility

Institutional Investors Weigh In On Verra Mobility

Several large investors have recently modified their holdings of VRRM. Vanguard Group Inc. raised its holdings in Verra Mobility by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 17,466,733 shares of the company’s stock worth $436,144,000 after buying an additional 231,566 shares during the period. Wellington Management Group LLP grew its holdings in shares of Verra Mobility by 2.0% during the third quarter. Wellington Management Group LLP now owns 8,581,420 shares of the company’s stock valued at $160,473,000 after buying an additional 168,418 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Verra Mobility by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,427,527 shares of the company’s stock valued at $185,466,000 after buying an additional 351,694 shares during the period. FMR LLC lifted its stake in Verra Mobility by 1.4% in the 3rd quarter. FMR LLC now owns 5,494,800 shares of the company’s stock worth $102,753,000 after acquiring an additional 74,292 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in Verra Mobility by 3.8% during the 1st quarter. Principal Financial Group Inc. now owns 3,816,488 shares of the company’s stock valued at $95,298,000 after acquiring an additional 140,471 shares in the last quarter.

About Verra Mobility

(Get Free Report)

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.

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