PNC Financial Services Group Inc. Sells 5,043 Shares of Verra Mobility Co. (NASDAQ:VRRM)

PNC Financial Services Group Inc. cut its holdings in Verra Mobility Co. (NASDAQ:VRRMFree Report) by 47.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,670 shares of the company’s stock after selling 5,043 shares during the period. PNC Financial Services Group Inc.’s holdings in Verra Mobility were worth $131,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of VRRM. Pacer Advisors Inc. boosted its holdings in shares of Verra Mobility by 98.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,905 shares of the company’s stock worth $44,000 after acquiring an additional 943 shares during the period. Montag A & Associates Inc. bought a new position in Verra Mobility in the 4th quarter worth about $60,000. GAMMA Investing LLC purchased a new position in Verra Mobility during the 4th quarter valued at about $65,000. Quadrant Capital Group LLC increased its position in shares of Verra Mobility by 99.5% during the fourth quarter. Quadrant Capital Group LLC now owns 3,081 shares of the company’s stock valued at $71,000 after buying an additional 1,537 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Verra Mobility in the fourth quarter worth about $73,000.

Verra Mobility Price Performance

Shares of NASDAQ:VRRM opened at $27.36 on Friday. The company has a 50 day moving average of $26.52 and a 200 day moving average of $24.28. 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 stock has a market cap of $4.56 billion, a P/E ratio of 54.72, a P/E/G ratio of 1.84 and a beta of 1.27. Verra Mobility Co. has a 12 month low of $17.04 and a 12 month high of $28.45.

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

Insiders Place Their Bets

In other news, EVP Jonathan Baldwin sold 9,758 shares of Verra Mobility stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $26.14, for a total transaction of $255,074.12. Following the completion of the sale, the executive vice president now owns 7,673 shares in the company, valued at approximately $200,572.22. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Jonathan Baldwin sold 9,758 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $26.14, for a total value of $255,074.12. Following the sale, the executive vice president now directly owns 7,673 shares of the company’s stock, valued at $200,572.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John H. Rexford sold 9,005 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $26.37, for a total transaction of $237,461.85. Following the completion of the transaction, the director now directly owns 41,275 shares of the company’s stock, valued at approximately $1,088,421.75. The disclosure for this sale can be found here. Insiders have sold 27,993 shares of company stock worth $736,974 in the last ninety days. 0.96% of the stock is currently owned by insiders.

Verra Mobility Company 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.

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

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