Verra Mobility Co. (NASDAQ:VRRM) Director Sells $14,153.40 in Stock

Verra Mobility Co. (NASDAQ:VRRMGet Free Report) Director John H. Rexford sold 540 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $26.21, for a total transaction of $14,153.40. Following the sale, the director now directly owns 50,280 shares of the company’s stock, valued at approximately $1,317,838.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Verra Mobility Stock Performance

NASDAQ VRRM traded down $0.68 on Tuesday, hitting $25.79. The stock had a trading volume of 1,265,933 shares, compared to its average volume of 1,018,266. Verra Mobility Co. has a one year low of $17.04 and a one year high of $28.45. The company has a quick ratio of 2.64, a current ratio of 2.75 and a debt-to-equity ratio of 2.31. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 51.58, a P/E/G ratio of 1.80 and a beta of 1.22. The company’s 50-day moving average is $25.53 and its two-hundred day moving average is $23.41.

Verra Mobility (NASDAQ:VRRMGet Free Report) last posted its earnings results on Thursday, May 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $209.73 million during the quarter, compared to analysts’ expectations of $202.78 million. Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. On average, analysts expect that Verra Mobility Co. will post 1.09 earnings per share for the current year.

Analyst Ratings Changes

Separately, Morgan Stanley upped their target price on shares of Verra Mobility from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 27th.

Get Our Latest Report on Verra Mobility

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Verra Mobility by 1.3% in the first quarter. Vanguard Group Inc. now owns 17,466,733 shares of the company’s stock valued at $436,144,000 after acquiring an additional 231,566 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Verra Mobility by 2.0% in the third quarter. Wellington Management Group LLP now owns 8,581,420 shares of the company’s stock valued at $160,473,000 after acquiring an additional 168,418 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Verra Mobility by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,427,527 shares of the company’s stock valued at $185,466,000 after acquiring an additional 351,694 shares in the last quarter. FMR LLC boosted its holdings in shares of Verra Mobility by 1.4% in the third quarter. FMR LLC now owns 5,494,800 shares of the company’s stock valued at $102,753,000 after acquiring an additional 74,292 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Verra Mobility by 3.8% in the first quarter. Principal Financial Group Inc. now owns 3,816,488 shares of the company’s stock valued at $95,298,000 after acquiring an additional 140,471 shares in the last quarter.

About Verra Mobility

(Get Free Report)

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.

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