Rockefeller Capital Management L.P. Sells 2,546 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Rockefeller Capital Management L.P. cut its position in Verra Mobility Co. (NASDAQ:VRRM) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 500,866 shares of the company’s stock after selling 2,546 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Verra Mobility were worth $13,927,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. lifted its stake in Verra Mobility by 1.5% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company’s stock valued at $742,000 after purchasing an additional 391 shares during the last quarter. US Bancorp DE increased its holdings in shares of Verra Mobility by 10.3% during the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after acquiring an additional 418 shares during the last quarter. Signaturefd LLC raised its stake in Verra Mobility by 112.4% in the 3rd quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock valued at $29,000 after acquiring an additional 561 shares during the period. RiverPark Advisors LLC boosted its position in Verra Mobility by 3.5% during the third quarter. RiverPark Advisors LLC now owns 19,217 shares of the company’s stock worth $534,000 after purchasing an additional 642 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Verra Mobility by 27.5% in the third quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock valued at $88,000 after purchasing an additional 694 shares during the period.

Verra Mobility Stock Up 0.5 %

Shares of VRRM opened at $23.78 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The stock has a market capitalization of $3.92 billion, a PE ratio of 39.63, a P/E/G ratio of 2.11 and a beta of 1.27. The firm’s 50 day moving average is $25.50 and its 200-day moving average is $26.88. Verra Mobility Co. has a 12 month low of $20.25 and a 12 month high of $31.03.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $225.55 million for the quarter, compared to analyst estimates of $226.65 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. Verra Mobility’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS. Equities research analysts forecast that Verra Mobility Co. will post 1.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on VRRM shares. Morgan Stanley decreased their price target on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lowered their target price on Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Robert W. Baird decreased their price objective on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a report on Friday, November 1st.

Verra Mobility 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.