BNP Paribas Financial Markets Trims Position in Verra Mobility Co. (NASDAQ:VRRM)

BNP Paribas Financial Markets decreased its position in shares of Verra Mobility Co. (NASDAQ:VRRM) by 53.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 42,567 shares of the company’s stock after selling 49,763 shares during the period. BNP Paribas Financial Markets’ holdings in Verra Mobility were worth $1,029,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Algert Global LLC purchased a new position in Verra Mobility during the fourth quarter worth approximately $487,000. Freestone Grove Partners LP purchased a new position in Verra Mobility during the fourth quarter worth approximately $277,000. Northern Trust Corp raised its stake in Verra Mobility by 1.7% during the fourth quarter. Northern Trust Corp now owns 2,343,138 shares of the company’s stock worth $56,657,000 after purchasing an additional 39,777 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in Verra Mobility during the fourth quarter worth approximately $2,015,000. Finally, Hancock Whitney Corp purchased a new position in Verra Mobility during the fourth quarter worth approximately $241,000.

Verra Mobility Stock Up 3.5%

Shares of VRRM stock opened at $24.53 on Wednesday. Verra Mobility Co. has a 1 year low of $19.51 and a 1 year high of $31.03. The stock has a market cap of $3.91 billion, a PE ratio of 40.88, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80. The business’s fifty day moving average is $22.09 and its 200-day moving average is $23.54. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. The business had revenue of $223.25 million during the quarter, compared to analyst estimates of $216.94 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $0.27 EPS. Equities analysts expect that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Verra Mobility

In other news, insider Jonathan Keyser sold 18,719 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $24.28, for a total value of $454,497.32. Following the transaction, the insider now directly owns 1,179 shares of the company’s stock, valued at $28,626.12. The trade was a 94.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.05% of the company’s stock.

Analyst Upgrades and Downgrades

VRRM has been the subject of several recent research reports. Baird R W raised shares of Verra Mobility from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 22nd. UBS Group dropped their price objective on shares of Verra Mobility from $31.50 to $29.50 and set a “buy” rating for the company in a research report on Thursday, May 8th. Robert W. Baird increased their price objective on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. Finally, Morgan Stanley dropped their price objective on shares of Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $27.38.

Verra Mobility 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.