Fairview Capital Investment Management LLC boosted its holdings in Verra Mobility Corp (NASDAQ:VRRM) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,247,064 shares of the company’s stock after buying an additional 77,000 shares during the quarter. Verra Mobility accounts for approximately 4.0% of Fairview Capital Investment Management LLC’s holdings, making the stock its 7th biggest position. Fairview Capital Investment Management LLC’s holdings in Verra Mobility were worth $74,340,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Jennison Associates LLC acquired a new position in shares of Verra Mobility during the fourth quarter valued at about $18,665,000. BlackRock Inc. acquired a new position in shares of Verra Mobility during the fourth quarter valued at about $2,959,000. Bank of New York Mellon Corp acquired a new position in shares of Verra Mobility during the fourth quarter valued at about $575,000. Raymond James & Associates acquired a new position in shares of Verra Mobility during the fourth quarter valued at about $1,290,000. Finally, Monashee Investment Management LLC acquired a new position in shares of Verra Mobility during the fourth quarter valued at about $4,880,000. 42.01% of the stock is owned by institutional investors and hedge funds.
In related news, Director Platinum Equity Llc sold 15,000,000 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $12.13, for a total value of $181,950,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.72% of the company’s stock.
NASDAQ:VRRM traded up $0.02 during mid-day trading on Friday, hitting $12.45. The company’s stock had a trading volume of 894,875 shares, compared to its average volume of 1,216,557. Verra Mobility Corp has a fifty-two week low of $9.00 and a fifty-two week high of $15.07. The company has a debt-to-equity ratio of 2.82, a current ratio of 2.44 and a quick ratio of 2.44.
Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings results on Monday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.07. The business had revenue of $98.46 million during the quarter, compared to analyst estimates of $91.60 million. As a group, equities analysts anticipate that Verra Mobility Corp will post 0.83 EPS for the current year.
A number of research analysts have recently commented on VRRM shares. BTIG Research started coverage on shares of Verra Mobility in a research report on Wednesday, March 27th. They set a “buy” rating and a $15.00 price objective for the company. William Blair started coverage on shares of Verra Mobility in a research report on Wednesday, April 24th. They set an “outperform” rating and a $13.08 price objective for the company. Finally, ValuEngine raised shares of Verra Mobility from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th.
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Verra Mobility Profile
Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs related to red light, speed, school bus, and city bus lanes.
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