Verra Mobility Corp $VRRM Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its stake in Verra Mobility Corp (NASDAQ:VRRM) by 34.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,551,600 shares of the company’s stock after selling 800,000 shares during the period. Handelsbanken Fonder AB owned about 0.97% of Verra Mobility worth $38,325,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of Verra Mobility by 14.3% during the first quarter. Royal Bank of Canada now owns 148,464 shares of the company’s stock worth $3,342,000 after buying an additional 18,562 shares during the period. AQR Capital Management LLC lifted its stake in Verra Mobility by 21.7% during the 1st quarter. AQR Capital Management LLC now owns 34,501 shares of the company’s stock worth $777,000 after acquiring an additional 6,153 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Verra Mobility by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 98,120 shares of the company’s stock valued at $2,209,000 after acquiring an additional 4,302 shares during the period. Millennium Management LLC boosted its holdings in Verra Mobility by 208.0% during the 1st quarter. Millennium Management LLC now owns 375,421 shares of the company’s stock valued at $8,451,000 after acquiring an additional 253,529 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Verra Mobility by 33.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,182,297 shares of the company’s stock valued at $26,614,000 after acquiring an additional 293,082 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VRRM. JPMorgan Chase & Co. reduced their price target on shares of Verra Mobility from $25.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday. Wall Street Zen downgraded shares of Verra Mobility from a “strong-buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Verra Mobility in a report on Monday, December 29th. Morgan Stanley dropped their price target on shares of Verra Mobility from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Robert W. Baird set a $24.00 price objective on Verra Mobility in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $24.75.

Verra Mobility Stock Down 1.4%

Shares of Verra Mobility stock opened at $16.71 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.10 and a debt-to-equity ratio of 3.49. Verra Mobility Corp has a 52-week low of $15.58 and a 52-week high of $25.83. The company has a market capitalization of $2.67 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.70 and a beta of 0.59. The company has a 50 day moving average of $20.53 and a 200 day moving average of $22.49.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). The firm had revenue of $257.86 million during the quarter, compared to analyst estimates of $241.17 million. Verra Mobility had a net margin of 13.95% and a return on equity of 57.45%. Verra Mobility’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. As a group, research analysts forecast that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

Verra Mobility Company Profile

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.