Blair William & Co. IL Reduces Stock Position in Verra Mobility Corp $VRRM

Blair William & Co. IL cut its holdings in Verra Mobility Corp (NASDAQ:VRRM) by 23.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 437,155 shares of the company’s stock after selling 134,174 shares during the period. Blair William & Co. IL owned about 0.27% of Verra Mobility worth $10,798,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in VRRM. Rothschild Investment LLC lifted its holdings in shares of Verra Mobility by 238.3% in the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock valued at $29,000 after acquiring an additional 822 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Verra Mobility by 439.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock valued at $38,000 after purchasing an additional 1,217 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Verra Mobility in the 3rd quarter valued at approximately $60,000. Osaic Holdings Inc. lifted its stake in shares of Verra Mobility by 285.8% in the 2nd quarter. Osaic Holdings Inc. now owns 3,044 shares of the company’s stock valued at $72,000 after purchasing an additional 2,255 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Verra Mobility by 46.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 3,414 shares of the company’s stock worth $87,000 after purchasing an additional 1,087 shares during the period.

Wall Street Analyst Weigh In

VRRM has been the topic of several analyst reports. Wall Street Zen downgraded Verra Mobility from a “strong-buy” rating to a “hold” rating in a research report on Saturday, February 28th. Morgan Stanley dropped their price objective on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 25th. Robert W. Baird set a $24.00 price objective on shares of Verra Mobility in a research report on Wednesday, February 25th. JPMorgan Chase & Co. reduced their target price on shares of Verra Mobility from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $24.00.

Verra Mobility Price Performance

Shares of VRRM stock opened at $16.25 on Tuesday. The stock has a 50 day moving average price of $19.82 and a 200 day moving average price of $22.13. Verra Mobility Corp has a 52-week low of $15.58 and a 52-week high of $25.83. The company has a debt-to-equity ratio of 3.49, a quick ratio of 2.00 and a current ratio of 2.10. The firm has a market capitalization of $2.46 billion, a P/E ratio of 19.12, a P/E/G ratio of 2.68 and a beta of 0.60.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. The business had revenue of $257.86 million during the quarter, compared to the consensus estimate of $241.17 million. During the same period last year, the company earned $0.33 EPS. The business’s revenue was up 16.4% compared to the same quarter last year. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, sell-side analysts predict that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Verra Mobility Company Profile

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.