Janus Henderson Group PLC Increases Stake in Verra Mobility Corp (NASDAQ:VRRM)

Janus Henderson Group PLC boosted its position in Verra Mobility Corp (NASDAQ:VRRM) by 6.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,269 shares of the company’s stock after buying an additional 3,433 shares during the quarter. Janus Henderson Group PLC’s holdings in Verra Mobility were worth $658,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in VRRM. TD Asset Management Inc. bought a new stake in Verra Mobility during the fourth quarter worth approximately $22,198,000. Jennison Associates LLC bought a new stake in Verra Mobility during the fourth quarter worth approximately $18,665,000. BlackRock Inc. bought a new stake in Verra Mobility during the fourth quarter worth approximately $2,959,000. Bank of New York Mellon Corp bought a new stake in Verra Mobility during the fourth quarter worth approximately $575,000. Finally, Raymond James & Associates bought a new stake in Verra Mobility during the fourth quarter worth approximately $1,290,000. 42.01% of the stock is currently owned by institutional investors and hedge funds.

VRRM has been the subject of several research reports. BTIG Research initiated coverage on Verra Mobility in a research report on Wednesday, March 27th. They issued a “buy” rating and a $15.00 price objective for the company. ValuEngine raised Verra Mobility from a “hold” rating to a “buy” rating in a research report on Thursday, April 11th. Finally, William Blair initiated coverage on Verra Mobility in a research report on Wednesday, April 24th. They issued an “outperform” rating and a $13.08 price objective for the company.

In related news, Director Platinum Equity Llc sold 15,000,000 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $12.13, for a total value of $181,950,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is owned by company insiders.

Shares of VRRM traded up $0.02 during mid-day trading on Friday, hitting $12.45. The company’s stock had a trading volume of 894,800 shares, compared to its average volume of 641,762. Verra Mobility Corp has a one year low of $9.00 and a one year high of $15.07. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 2.82. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of -18.58 and a beta of 0.57.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Monday, May 6th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.07. The business had revenue of $98.46 million during the quarter, compared to the consensus estimate of $91.60 million. Equities analysts predict that Verra Mobility Corp will post 0.83 EPS for the current year.

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Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Canada, and Europe. It operates through two segments, Government Solutions and Commercial Services. The Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs related to red light, speed, school bus, and city bus lanes.

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Institutional Ownership by Quarter for Verra Mobility (NASDAQ:VRRM)

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