Glenmede Trust Co. NA Decreases Stake in Verra Mobility Co. (NASDAQ:VRRM)

Glenmede Trust Co. NA decreased its stake in Verra Mobility Co. (NASDAQ:VRRM) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 783,240 shares of the company’s stock after selling 4,513 shares during the period. Glenmede Trust Co. NA’s holdings in Verra Mobility were worth $21,782,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB boosted its stake in shares of Verra Mobility by 7.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 4,015,800 shares of the company’s stock worth $111,679,000 after acquiring an additional 261,500 shares in the last quarter. Principal Financial Group Inc. boosted its position in Verra Mobility by 6.4% during the third quarter. Principal Financial Group Inc. now owns 3,756,352 shares of the company’s stock worth $104,464,000 after purchasing an additional 225,585 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in Verra Mobility by 7.0% in the second quarter. Westwood Holdings Group Inc. now owns 3,380,416 shares of the company’s stock valued at $91,947,000 after purchasing an additional 221,385 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Verra Mobility by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,180,519 shares of the company’s stock valued at $86,512,000 after purchasing an additional 193,686 shares during the last quarter. Finally, WCM Investment Management LLC increased its position in shares of Verra Mobility by 3.3% in the third quarter. WCM Investment Management LLC now owns 2,055,006 shares of the company’s stock valued at $57,150,000 after buying an additional 64,819 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Morgan Stanley lowered 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 research note on Wednesday, October 30th. Robert W. Baird cut their price objective on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, November 1st.

Verra Mobility Stock Down 0.2 %

Shares of NASDAQ VRRM opened at $23.57 on Thursday. The firm’s 50 day moving average price is $25.74 and its 200 day moving average price is $26.96. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61. The firm has a market cap of $3.88 billion, a P/E ratio of 39.28, a price-to-earnings-growth ratio of 2.14 and a beta of 1.27. Verra Mobility Co. has a 1 year low of $19.67 and a 1 year high of $31.03.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The business had revenue of $225.55 million for the quarter, compared to analyst estimates of $226.65 million. During the same period in the prior year, the firm posted $0.27 EPS. The company’s revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Verra Mobility Co. will post 1.08 earnings per share for the current year.

Verra Mobility Company 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.