Verra Mobility Co. (NASDAQ:VRRM) Stock Position Raised by Franklin Resources Inc.

Franklin Resources Inc. lifted its position in Verra Mobility Co. (NASDAQ:VRRMFree Report) by 1.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,050 shares of the company’s stock after acquiring an additional 674 shares during the quarter. Franklin Resources Inc.’s holdings in Verra Mobility were worth $1,199,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in VRRM. Arizona State Retirement System lifted its position in shares of Verra Mobility by 1.8% in the 3rd quarter. Arizona State Retirement System now owns 34,257 shares of the company’s stock valued at $641,000 after acquiring an additional 603 shares in the last quarter. Barclays PLC lifted its position in shares of Verra Mobility by 8.8% in the 3rd quarter. Barclays PLC now owns 204,849 shares of the company’s stock valued at $3,831,000 after acquiring an additional 16,559 shares in the last quarter. Amalgamated Bank lifted its position in shares of Verra Mobility by 11.2% in the 3rd quarter. Amalgamated Bank now owns 70,910 shares of the company’s stock valued at $1,326,000 after acquiring an additional 7,127 shares in the last quarter. Swiss National Bank lifted its position in shares of Verra Mobility by 1.4% in the 3rd quarter. Swiss National Bank now owns 264,500 shares of the company’s stock valued at $4,946,000 after acquiring an additional 3,600 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Verra Mobility by 15.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,481,330 shares of the company’s stock worth $27,701,000 after buying an additional 200,755 shares in the last quarter.

Insider Transactions at Verra Mobility

In other news, Director John H. Rexford sold 10,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total transaction 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 document filed with the SEC, which is accessible through the SEC website. In related news, Director Michael P. Huerta sold 8,690 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $26.50, for a total value of $230,285.00. Following the transaction, the director now directly owns 18,025 shares in the company, valued at approximately $477,662.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John H. Rexford sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total transaction of $228,200.00. Following the completion of the transaction, the director now owns 41,275 shares in the company, valued at $941,895.50. The disclosure for this sale can be found here. Insiders have sold a total of 19,230 shares of company stock worth $472,638 in the last 90 days. 0.96% of the stock is owned by insiders.

Verra Mobility Stock Up 1.0 %

VRRM stock opened at $26.05 on Thursday. The company has a 50 day moving average of $25.53 and a two-hundred day moving average of $23.41. Verra Mobility Co. has a 12-month low of $17.04 and a 12-month high of $28.45. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 52.10, a PEG ratio of 1.79 and a beta of 1.22. The company has a quick ratio of 2.64, a current ratio of 2.75 and a debt-to-equity ratio of 2.31.

Verra Mobility (NASDAQ:VRRMGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. The company had revenue of $209.73 million for the quarter, compared to analyst estimates of $202.78 million. On average, equities analysts anticipate that Verra Mobility Co. will post 1.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on Verra Mobility

Verra Mobility Profile

(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.

Featured Stories

Institutional Ownership by Quarter for Verra Mobility (NASDAQ:VRRM)

Receive News & Ratings for Verra Mobility Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verra Mobility and related companies with MarketBeat.com's FREE daily email newsletter.