Capital International Investors Buys New Position in Via Transportation Inc. $VIA

Capital International Investors purchased a new stake in Via Transportation Inc. (NYSE:VIA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 550,000 shares of the company’s stock, valued at approximately $26,444,000. Capital International Investors owned about 0.69% of Via Transportation at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Koch Inc. bought a new position in shares of Via Transportation during the third quarter valued at about $81,747,000. Vanguard Group Inc. purchased a new stake in shares of Via Transportation in the third quarter worth about $39,965,000. Principal Financial Group Inc. bought a new position in shares of Via Transportation in the third quarter valued at approximately $14,394,000. Federated Hermes Inc. purchased a new position in Via Transportation during the third quarter valued at approximately $9,616,000. Finally, Stephens Investment Management Group LLC bought a new stake in Via Transportation during the 3rd quarter worth approximately $4,787,000. 74.40% of the stock is currently owned by institutional investors.

Via Transportation Stock Performance

Shares of Via Transportation stock opened at $17.98 on Friday. The company’s 50 day simple moving average is $21.41. Via Transportation Inc. has a 52 week low of $15.48 and a 52 week high of $56.31. The company has a market capitalization of $1.46 billion and a P/E ratio of -26.06.

Via Transportation (NYSE:VIA) last released its quarterly earnings results on Friday, February 27th. The company reported $999.00 earnings per share for the quarter.

Analyst Upgrades and Downgrades

VIA has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Via Transportation in a research note on Monday, December 29th. Noble Financial cut shares of Via Transportation to a “buy” rating in a report on Tuesday, December 16th. Morgan Stanley lowered their price objective on Via Transportation from $41.00 to $28.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Oppenheimer dropped their price objective on Via Transportation from $59.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, January 22nd. Finally, Guggenheim reduced their target price on Via Transportation from $58.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Twelve research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Via Transportation Company Profile

Via transforms antiquated and siloed public transportation systems into smart, data-driven, and efficient digital networks. We are addressing a striking gap in the $545 billion global public transportation market. While billions of people across the globe rely on public transportation, this critical form of mobility has yet to meaningfully benefit from recent advances in technology. Buses still follow fixed routes and schedules planned years, if not decades ago, regardless of actual demand for their service.