Verra Mobility Co. (NASDAQ:VRRM) is Fairview Capital Investment Management LLC’s 10th Largest Position

Fairview Capital Investment Management LLC lifted its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 6.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,298,973 shares of the company’s stock after acquiring an additional 142,175 shares during the period. Verra Mobility makes up 3.2% of Fairview Capital Investment Management LLC’s investment portfolio, making the stock its 10th biggest position. Fairview Capital Investment Management LLC owned about 1.38% of Verra Mobility worth $52,945,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in VRRM. NBC Securities Inc. bought a new stake in shares of Verra Mobility during the 3rd quarter worth $62,000. Arizona State Retirement System lifted its stake in Verra Mobility by 1.8% in the third quarter. Arizona State Retirement System now owns 34,257 shares of the company’s stock worth $641,000 after purchasing an additional 603 shares during the last quarter. Barclays PLC lifted its stake in Verra Mobility by 8.8% in the third quarter. Barclays PLC now owns 204,849 shares of the company’s stock worth $3,831,000 after purchasing an additional 16,559 shares during the last quarter. Quantbot Technologies LP lifted its stake in Verra Mobility by 119.7% in the third quarter. Quantbot Technologies LP now owns 43,778 shares of the company’s stock worth $819,000 after purchasing an additional 23,856 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in Verra Mobility by 11.2% in the third quarter. Amalgamated Bank now owns 70,910 shares of the company’s stock worth $1,326,000 after purchasing an additional 7,127 shares during the last quarter.

Analysts Set New Price Targets

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

Verra Mobility Trading Up 0.2 %

Shares of NASDAQ:VRRM traded up $0.04 during midday trading on Wednesday, hitting $25.83. 705,132 shares of the stock traded hands, compared to its average volume of 1,014,609. The stock has a market capitalization of $4.30 billion, a PE ratio of 51.58, a P/E/G ratio of 1.79 and a beta of 1.22. The business’s 50 day moving average is $25.53 and its two-hundred day moving average is $23.41. The company has a quick ratio of 2.64, a current ratio of 2.75 and a debt-to-equity ratio of 2.31. Verra Mobility Co. has a one year low of $17.04 and a one year high of $28.45.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $209.73 million during the quarter, compared to the consensus estimate of $202.78 million. Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. As a group, research analysts forecast that Verra Mobility Co. will post 1.09 earnings per share for the current year.

Insider Activity

In other Verra Mobility news, Director Michael P. Huerta sold 8,690 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $26.50, for a total value of $230,285.00. Following the sale, the director now owns 18,025 shares in the company, valued at $477,662.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Michael P. Huerta sold 8,690 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $26.50, for a total transaction of $230,285.00. Following the sale, the director now owns 18,025 shares in the company, valued at $477,662.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John H. Rexford sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total transaction of $228,200.00. Following the sale, the director now directly owns 41,275 shares of the company’s stock, valued at approximately $941,895.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,230 shares of company stock valued at $472,638. Insiders own 0.96% of the company’s stock.

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.