Oak Family Advisors LLC Reduces Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Oak Family Advisors LLC trimmed its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 22.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 271,018 shares of the company’s stock after selling 77,106 shares during the quarter. Verra Mobility comprises 2.5% of Oak Family Advisors LLC’s holdings, making the stock its 8th biggest position. Oak Family Advisors LLC owned about 0.16% of Verra Mobility worth $7,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Verra Mobility by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 17,466,733 shares of the company’s stock worth $436,144,000 after buying an additional 231,566 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Verra Mobility by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,427,527 shares of the company’s stock worth $185,466,000 after purchasing an additional 351,694 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Verra Mobility by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 3,816,488 shares of the company’s stock worth $95,298,000 after purchasing an additional 140,471 shares during the last quarter. Westwood Holdings Group Inc. acquired a new position in shares of Verra Mobility in the 1st quarter worth approximately $78,881,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Verra Mobility by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,953,696 shares of the company’s stock worth $68,024,000 after purchasing an additional 189,492 shares during the last quarter.

Verra Mobility Trading Down 1.2 %

Shares of Verra Mobility stock traded down $0.32 during trading on Thursday, hitting $27.45. The stock had a trading volume of 387,264 shares, compared to its average volume of 1,077,573. The stock has a 50 day simple moving average of $28.18 and a 200 day simple moving average of $25.75. The company has a market capitalization of $4.57 billion, a PE ratio of 54.88, a P/E/G ratio of 2.03 and a beta of 1.27. The company has a quick ratio of 2.64, a current ratio of 2.75 and a debt-to-equity ratio of 2.31. Verra Mobility Co. has a 1 year low of $17.04 and a 1 year high of $31.03.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Thursday, August 8th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.01. The business had revenue of $222.43 million for the quarter, compared to the consensus estimate of $220.32 million. Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share. On average, research analysts expect that Verra Mobility Co. will post 1.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on VRRM shares. Morgan Stanley lifted their price objective on shares of Verra Mobility from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Verra Mobility from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, August 9th.

Insider Activity at Verra Mobility

In related news, Director Michael P. Huerta sold 8,690 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 18,025 shares of the company’s stock, valued at $477,662.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director John H. Rexford sold 9,005 shares of the business’s 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 of the company’s stock, valued at $1,088,421.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael P. Huerta sold 8,690 shares of Verra Mobility stock in a transaction that occurred 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 owns 18,025 shares of the company’s stock, valued at $477,662.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,993 shares of company stock valued at $736,974. Corporate insiders own 0.96% of the company’s stock.

Verra Mobility Company 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.