Handelsbanken Fonder AB Sells 1,500,500 Shares of Verra Mobility Corp $VRRM

Handelsbanken Fonder AB lessened its holdings in Verra Mobility Corp (NASDAQ:VRRM) by 96.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 51,100 shares of the company’s stock after selling 1,500,500 shares during the period. Handelsbanken Fonder AB’s holdings in Verra Mobility were worth $1,145,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VRRM. Rothschild Investment LLC raised its stake in Verra Mobility by 238.3% during the 3rd quarter. Rothschild Investment LLC now owns 1,167 shares of the company’s stock worth $29,000 after acquiring an additional 822 shares during the period. Salomon & Ludwin LLC raised its stake in Verra Mobility by 100.7% during the 4th quarter. Salomon & Ludwin LLC now owns 1,497 shares of the company’s stock worth $34,000 after acquiring an additional 751 shares during the period. EverSource Wealth Advisors LLC raised its stake in Verra Mobility by 439.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after acquiring an additional 1,217 shares during the period. Neo Ivy Capital Management bought a new stake in Verra Mobility during the 3rd quarter worth approximately $60,000. Finally, Osaic Holdings Inc. raised its stake in Verra Mobility by 285.8% during the 2nd quarter. Osaic Holdings Inc. now owns 3,044 shares of the company’s stock worth $72,000 after acquiring an additional 2,255 shares during the period.

Analyst Upgrades and Downgrades

VRRM has been the topic of a number of recent analyst reports. Morgan Stanley set a $15.00 target price on shares of Verra Mobility in a research note on Thursday, May 7th. Weiss Ratings cut shares of Verra Mobility from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Robert W. Baird set a $20.00 target price on shares of Verra Mobility in a research note on Friday, May 8th. JPMorgan Chase & Co. decreased their target price on shares of Verra Mobility from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $22.00 target price on shares of Verra Mobility in a research note on Thursday, May 7th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.00.

Verra Mobility Trading Down 3.0%

Verra Mobility stock opened at $13.08 on Wednesday. The stock has a market cap of $1.99 billion, a P/E ratio of 15.95, a PEG ratio of 2.72 and a beta of 0.67. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.89 and a quick ratio of 1.77. Verra Mobility Corp has a 1 year low of $12.83 and a 1 year high of $25.83. The firm’s 50 day moving average price is $14.39 and its 200-day moving average price is $18.38.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The firm had revenue of $223.57 million for the quarter, compared to analysts’ expectations of $223.34 million. Verra Mobility had a net margin of 13.38% and a return on equity of 55.59%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share. Verra Mobility has set its FY 2026 guidance at 1.320-1.380 EPS. On average, equities analysts predict that Verra Mobility Corp will post 1.22 earnings per share for the current fiscal year.

Verra Mobility 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.