Verra Mobility Corp $VRRM Shares Sold by Martin Currie Ltd.

Martin Currie Ltd. decreased its position in shares of Verra Mobility Corp (NASDAQ:VRRM - Free Report) by 70.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,912 shares of the company's stock after selling 19,210 shares during the quarter. Martin Currie Ltd.'s holdings in Verra Mobility were worth $201,000 as of its most recent filing with the SEC.

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A number of other large investors have also modified their holdings of VRRM. Price T Rowe Associates Inc. MD lifted its position in Verra Mobility by 12.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,265,348 shares of the company's stock valued at $231,074,000 after purchasing an additional 1,153,573 shares during the last quarter. Wellington Management Group LLP grew its holdings in Verra Mobility by 5.1% in the 1st quarter. Wellington Management Group LLP now owns 7,922,473 shares of the company's stock worth $178,335,000 after buying an additional 386,760 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Verra Mobility by 155.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,280,591 shares of the company's stock worth $118,866,000 after acquiring an additional 3,215,973 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of Verra Mobility by 9.3% during the first quarter. Westwood Holdings Group Inc. now owns 4,873,442 shares of the company's stock valued at $109,701,000 after purchasing an additional 412,649 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Verra Mobility by 15.8% during the 2nd quarter. William Blair Investment Management LLC now owns 2,582,884 shares of the company's stock worth $65,579,000 after buying an additional 352,942 shares in the last quarter.

Verra Mobility Trading Down 4.9%

Shares of NASDAQ:VRRM opened at $20.86 on Friday. Verra Mobility Corp has a 52-week low of $19.51 and a 52-week high of $27.20. The company has a market cap of $3.33 billion, a P/E ratio of 65.19, a P/E/G ratio of 2.79 and a beta of 0.77. The stock's 50-day moving average is $23.78 and its 200-day moving average is $24.23. The company has a debt-to-equity ratio of 2.93, a quick ratio of 2.21 and a current ratio of 2.28.

• Verra Mobility Stock Has Returned Back to the Station

Verra Mobility (NASDAQ:VRRM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.34 by $0.03. Verra Mobility had a return on equity of 65.57% and a net margin of 5.42%.The business had revenue of $261.94 million for the quarter, compared to analyst estimates of $237.68 million. During the same quarter in the previous year, the firm earned $0.32 EPS. Verra Mobility's quarterly revenue was up 16.1% on a year-over-year basis. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. Equities research analysts predict that Verra Mobility Corp will post 1.08 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on VRRM shares. Wall Street Zen cut Verra Mobility from a "strong-buy" rating to a "buy" rating in a report on Sunday, November 9th. UBS Group lifted their price objective on shares of Verra Mobility from $29.00 to $31.00 and gave the stock a "buy" rating in a research note on Thursday, October 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Verra Mobility in a research note on Wednesday. Finally, Robert W. Baird lifted their price target on shares of Verra Mobility from $28.00 to $30.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $28.00.

• If You Hate Speed Cameras, Then You’ll Like Verra Mobility Stock

View Our Latest Research Report on VRRM

About Verra Mobility

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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