Eagle Asset Management Inc. Sells 204,512 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Eagle Asset Management Inc. trimmed its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 56.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 156,873 shares of the company’s stock after selling 204,512 shares during the quarter. Eagle Asset Management Inc.’s holdings in Verra Mobility were worth $4,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. boosted its position 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 worth $742,000 after purchasing an additional 391 shares during the period. US Bancorp DE raised its stake in Verra Mobility by 10.3% during the third quarter. US Bancorp DE now owns 4,478 shares of the company’s stock valued at $125,000 after purchasing an additional 418 shares in the last quarter. Signaturefd LLC raised its stake in shares of Verra Mobility by 112.4% in the third quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after acquiring an additional 561 shares during the period. RiverPark Advisors LLC raised its stake in shares of Verra Mobility by 3.5% in the third quarter. RiverPark Advisors LLC now owns 19,217 shares of the company’s stock valued at $534,000 after acquiring an additional 642 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Verra Mobility by 27.5% in the third quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock valued at $88,000 after acquiring an additional 694 shares during the period.

Wall Street Analysts Forecast Growth

VRRM has been the topic of a number of research analyst reports. Robert W. Baird cut their price target 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 target on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Morgan Stanley decreased their price target on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 30th.

Verra Mobility Stock Performance

Shares of Verra Mobility stock opened at $23.64 on Monday. Verra Mobility Co. has a 52 week low of $19.67 and a 52 week high of $31.03. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The firm has a market capitalization of $3.90 billion, a P/E ratio of 39.40, a PEG ratio of 2.07 and a beta of 1.27. The company has a 50 day moving average price of $25.87 and a 200 day moving average price of $27.00.

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