Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 75.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,322 shares of the company’s stock after selling 124,307 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Verra Mobility were worth $1,149,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Premier Fund Managers Ltd increased its stake in Verra Mobility by 13.3% during the third quarter. Premier Fund Managers Ltd now owns 61,278 shares of the company’s stock worth $1,704,000 after acquiring an additional 7,199 shares during the last quarter. Braun Stacey Associates Inc. increased its stake in Verra Mobility by 148.0% during the third quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company’s stock worth $12,234,000 after acquiring an additional 262,509 shares during the last quarter. Quest Partners LLC increased its stake in Verra Mobility by 13,071.3% during the third quarter. Quest Partners LLC now owns 132,767 shares of the company’s stock worth $3,692,000 after acquiring an additional 131,759 shares during the last quarter. RiverPark Advisors LLC grew its stake in shares of Verra Mobility by 3.5% in the third quarter. RiverPark Advisors LLC now owns 19,217 shares of the company’s stock valued at $534,000 after buying an additional 642 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in shares of Verra Mobility by 125.7% in the third quarter. Mutual of America Capital Management LLC now owns 61,775 shares of the company’s stock valued at $1,718,000 after buying an additional 34,404 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on VRRM. Morgan Stanley dropped their price objective on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. Robert W. Baird dropped their price objective on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

Verra Mobility Trading Down 0.2 %

VRRM opened at $23.57 on Thursday. Verra Mobility Co. has a 12 month low of $19.67 and a 12 month high of $31.03. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 2.14 and a beta of 1.27. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. The business has a fifty day moving average price of $25.74 and a 200 day moving average price of $26.96.

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

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.