KBC Group NV Has $114,000 Stock Holdings in Verra Mobility Corp $VRRM

KBC Group NV trimmed its stake in shares of Verra Mobility Corp (NASDAQ:VRRM) by 36.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,476 shares of the company’s stock after selling 2,614 shares during the period. KBC Group NV’s holdings in Verra Mobility were worth $114,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised 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 worth $231,074,000 after purchasing an additional 1,153,573 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Verra Mobility by 5.1% in the 1st quarter. Wellington Management Group LLP now owns 7,922,473 shares of the company’s stock valued at $178,335,000 after buying an additional 386,760 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Verra Mobility by 155.8% during the first 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 last quarter. Westwood Holdings Group Inc. lifted 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 acquiring an additional 412,649 shares during the period. Finally, William Blair Investment Management LLC boosted its holdings in Verra Mobility by 15.8% in the second quarter. William Blair Investment Management LLC now owns 2,582,884 shares of the company’s stock valued at $65,579,000 after acquiring an additional 352,942 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on VRRM. UBS Group raised their target price on shares of Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a report on Wednesday. Wall Street Zen lowered shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 9th. Finally, Robert W. Baird increased their price target on Verra Mobility from $28.00 to $30.00 and gave the company an “outperform” rating in a research note 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.00.

Verra Mobility Trading Up 2.3%

NASDAQ:VRRM opened at $21.33 on Friday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.28 and a quick ratio of 2.21. The business’s 50-day simple moving average is $23.71 and its 200-day simple moving average is $24.22. Verra Mobility Corp has a fifty-two week low of $19.51 and a fifty-two week high of $27.20. The stock has a market capitalization of $3.40 billion, a PE ratio of 66.66, a price-to-earnings-growth ratio of 2.79 and a beta of 0.76.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.34 by $0.03. Verra Mobility had a net margin of 5.42% and a return on equity of 65.57%. The firm had revenue of $261.94 million for the quarter, compared to the consensus estimate of $237.68 million. During the same period last year, the company posted $0.32 EPS. The business’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. Sell-side analysts expect that Verra Mobility Corp will post 1.08 earnings per share for the current fiscal 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.