Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lowered its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 5.6% in the first quarter, Holdings Channel.com reports. The fund owned 13,656 shares of the company’s stock after selling 804 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Verra Mobility were worth $341,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in Verra Mobility by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,953,696 shares of the company’s stock valued at $68,024,000 after buying an additional 189,492 shares in the last quarter. Fairview Capital Investment Management LLC increased its position in Verra Mobility by 6.6% during the 4th quarter. Fairview Capital Investment Management LLC now owns 2,298,973 shares of the company’s stock worth $52,945,000 after purchasing an additional 142,175 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Verra Mobility by 26.7% in the 1st quarter. BNP Paribas Financial Markets now owns 144,906 shares of the company’s stock valued at $3,618,000 after purchasing an additional 30,548 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Verra Mobility by 67.0% during the 4th quarter. Principal Financial Group Inc. now owns 3,676,017 shares of the company’s stock worth $84,659,000 after purchasing an additional 1,474,740 shares during the last quarter. Finally, Meritage Portfolio Management lifted its stake in shares of Verra Mobility by 5.6% during the fourth quarter. Meritage Portfolio Management now owns 30,399 shares of the company’s stock valued at $700,000 after buying an additional 1,605 shares during the period.

Insiders Place Their Bets

In other news, EVP Jonathan Baldwin sold 9,758 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $26.14, for a total transaction of $255,074.12. Following the completion of the sale, the executive vice president now directly owns 7,673 shares of the company’s stock, valued at approximately $200,572.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Jonathan Baldwin sold 9,758 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $26.14, for a total transaction of $255,074.12. Following the completion of the sale, the executive vice president now owns 7,673 shares in the company, valued at approximately $200,572.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John H. Rexford sold 9,005 shares of Verra Mobility stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $26.37, for a total transaction of $237,461.85. Following the transaction, the director now directly owns 41,275 shares in the company, valued at $1,088,421.75. The disclosure for this sale can be found here. Insiders have sold a total of 27,993 shares of company stock valued at $736,974 over the last quarter. Company insiders own 0.96% of the company’s stock.

Verra Mobility Stock Performance

Verra Mobility stock opened at $30.02 on Thursday. The stock has a fifty day moving average price of $27.50 and a 200 day moving average price of $24.96. 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 Co. has a 52 week low of $17.04 and a 52 week high of $31.03. The firm has a market capitalization of $5.00 billion, a P/E ratio of 60.04, a PEG ratio of 2.08 and a beta of 1.27.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. The business had revenue of $209.73 million for the quarter, compared to analyst estimates of $202.78 million. Equities research analysts anticipate that Verra Mobility Co. will post 1.09 earnings per share for the current 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.