Equitable Trust Co. Has $12.23 Million Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Equitable Trust Co. reduced its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 6.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 439,875 shares of the company’s stock after selling 30,260 shares during the quarter. Verra Mobility accounts for approximately 0.8% of Equitable Trust Co.’s holdings, making the stock its 28th biggest position. Equitable Trust Co.’s holdings in Verra Mobility were worth $12,233,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Westwood Holdings Group Inc. acquired a new position in shares of Verra Mobility in the 1st quarter valued at $78,881,000. Fiera Capital Corp bought a new stake in shares of Verra Mobility in the 3rd quarter worth about $33,905,000. Swedbank AB bought a new stake in shares of Verra Mobility in the 1st quarter worth about $26,218,000. Lazard Asset Management LLC grew its holdings in shares of Verra Mobility by 244.0% in the 1st quarter. Lazard Asset Management LLC now owns 1,309,245 shares of the company’s stock worth $32,691,000 after purchasing an additional 928,597 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Verra Mobility by 62.9% in the 3rd quarter. New York State Common Retirement Fund now owns 1,152,330 shares of the company’s stock worth $32,046,000 after purchasing an additional 444,911 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently weighed in on VRRM. Robert W. Baird lowered their target price on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Morgan Stanley decreased their price objective on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th.

Verra Mobility Stock Up 0.8 %

Shares of NASDAQ:VRRM opened at $23.44 on Friday. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a 12 month low of $18.76 and a 12 month high of $31.03. The firm has a market cap of $3.86 billion, a P/E ratio of 39.07, a P/E/G ratio of 2.16 and a beta of 1.27. The company’s 50-day moving average price is $26.60 and its two-hundred day moving average price is $27.09.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The company had revenue of $225.55 million for the quarter, compared to the consensus estimate of $226.65 million. During the same period in the prior year, the company posted $0.27 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. As a group, research analysts forecast that Verra Mobility Co. will post 1.07 EPS for the current fiscal year.

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.