Equitable Trust Co. Acquires 198,777 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Equitable Trust Co. raised its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 73.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 470,135 shares of the company’s stock after purchasing an additional 198,777 shares during the quarter. Verra Mobility accounts for about 0.9% of Equitable Trust Co.’s portfolio, making the stock its 26th largest position. Equitable Trust Co. owned about 0.28% of Verra Mobility worth $12,788,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of VRRM. Sage Rhino Capital LLC raised its stake in shares of Verra Mobility by 3.3% in the second quarter. Sage Rhino Capital LLC now owns 24,548 shares of the company’s stock valued at $668,000 after acquiring an additional 793 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Verra Mobility by 1.5% in the second quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company’s stock valued at $742,000 after acquiring an additional 391 shares during the period. Braun Stacey Associates Inc. raised its stake in shares of Verra Mobility by 27.2% in the second quarter. Braun Stacey Associates Inc. now owns 177,395 shares of the company’s stock valued at $4,825,000 after acquiring an additional 37,950 shares during the period. Legato Capital Management LLC raised its stake in shares of Verra Mobility by 25.0% in the second quarter. Legato Capital Management LLC now owns 25,438 shares of the company’s stock valued at $692,000 after acquiring an additional 5,081 shares during the period. Finally, RiverPark Advisors LLC raised its stake in shares of Verra Mobility by 9.6% in the second quarter. RiverPark Advisors LLC now owns 18,575 shares of the company’s stock valued at $505,000 after acquiring an additional 1,629 shares during the period.

Verra Mobility Trading Up 0.6 %

VRRM stock traded up $0.17 during trading on Friday, hitting $27.61. The company had a trading volume of 1,238,200 shares, compared to its average volume of 1,139,891. The firm has a market capitalization of $4.55 billion, a P/E ratio of 55.22, a PEG ratio of 1.81 and a beta of 1.27. Verra Mobility Co. has a 52-week low of $17.16 and a 52-week high of $31.03. The company has a 50 day simple moving average of $28.35 and a 200-day simple moving average of $26.01. The company has a quick ratio of 2.47, a current ratio of 2.57 and a debt-to-equity ratio of 2.36.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The company had revenue of $222.43 million for the quarter, compared to the consensus estimate of $220.32 million. Verra Mobility had a net margin of 11.34% and a return on equity of 39.89%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. As a group, research analysts forecast that Verra Mobility Co. will post 1.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Verra Mobility

In other Verra Mobility news, Director John H. Rexford sold 9,005 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $26.37, for a total transaction of $237,461.85. Following the transaction, the director now owns 41,275 shares of the company’s stock, valued at approximately $1,088,421.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Verra Mobility news, Director John H. Rexford sold 9,005 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $26.37, for a total transaction of $237,461.85. Following the transaction, the director now owns 41,275 shares of the company’s stock, valued at approximately $1,088,421.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jonathan Baldwin sold 9,758 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $26.14, for a total transaction of $255,074.12. Following the transaction, the executive vice president now directly owns 7,673 shares in the company, valued at approximately $200,572.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,303 shares of company stock valued at $506,689. Company insiders own 0.96% of the company’s stock.

Wall Street Analysts Forecast Growth

VRRM has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Verra Mobility from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Morgan Stanley raised their price target on shares of Verra Mobility from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th.

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.