Lazard Asset Management LLC Has $32.69 Million Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Lazard Asset Management LLC lifted its position in Verra Mobility Co. (NASDAQ:VRRM) by 244.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,309,245 shares of the company’s stock after buying an additional 928,597 shares during the quarter. Lazard Asset Management LLC’s holdings in Verra Mobility were worth $32,691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of VRRM. Vanguard Group Inc. lifted its stake in shares of Verra Mobility by 16.4% in the third quarter. Vanguard Group Inc. now owns 17,409,355 shares of the company’s stock worth $325,555,000 after buying an additional 2,447,297 shares during the last quarter. Pacer Advisors Inc. raised its stake in Verra Mobility by 98.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,905 shares of the company’s stock valued at $44,000 after purchasing an additional 943 shares during the last quarter. Arizona State Retirement System raised its stake in Verra Mobility by 31.5% during the 4th quarter. Arizona State Retirement System now owns 45,059 shares of the company’s stock valued at $1,038,000 after purchasing an additional 10,802 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in Verra Mobility during the 4th quarter valued at $1,916,000. Finally, Phocas Financial Corp. raised its stake in Verra Mobility by 1.8% during the 4th quarter. Phocas Financial Corp. now owns 278,855 shares of the company’s stock valued at $6,422,000 after purchasing an additional 5,062 shares during the last quarter.

Verra Mobility Stock Performance

NASDAQ:VRRM traded up $0.39 during trading hours on Friday, hitting $30.39. 838,256 shares of the company traded hands, compared to its average volume of 1,255,944. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 60.78, a P/E/G ratio of 2.05 and a beta of 1.27. Verra Mobility Co. has a twelve month low of $17.04 and a twelve month high of $31.03. The firm has a 50-day moving average of $27.61 and a 200 day moving average of $25.08. The company has a current ratio of 2.75, a quick ratio of 2.64 and a debt-to-equity ratio of 2.31.

Verra Mobility (NASDAQ:VRRM) last released its earnings results 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 analysts’ expectations of $202.78 million. Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. On average, analysts forecast that Verra Mobility Co. will post 1.09 EPS for the current year.

Insider Buying and Selling at Verra Mobility

In other Verra Mobility news, Director John H. Rexford sold 9,005 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $26.37, for a total value of $237,461.85. Following the sale, the director now owns 41,275 shares of the company’s stock, valued at approximately $1,088,421.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Verra Mobility news, Director John H. Rexford sold 9,005 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $26.37, for a total value of $237,461.85. Following the sale, the director now owns 41,275 shares of the company’s stock, valued at approximately $1,088,421.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael P. Huerta sold 8,690 shares of the business’s stock in a transaction 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 completion of the sale, the director now directly owns 18,025 shares in the company, valued at approximately $477,662.50. The disclosure for this sale can be found here. Insiders have sold 27,993 shares of company stock valued at $736,974 in the last 90 days. 0.96% of the stock is currently owned by company insiders.

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.