Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by First Hawaiian Bank

First Hawaiian Bank decreased its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 38.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,934 shares of the company’s stock after selling 14,347 shares during the quarter. First Hawaiian Bank’s holdings in Verra Mobility were worth $624,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Verra Mobility by 6.9% during 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 during the last quarter. Fairview Capital Investment Management LLC increased its holdings in shares of 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 buying an additional 142,175 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Verra Mobility by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 17,466,733 shares of the company’s stock valued at $436,144,000 after purchasing an additional 231,566 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Verra Mobility in the first quarter worth $782,000. Finally, BNP Paribas Financial Markets raised its position in Verra Mobility by 26.7% in the first 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 period.

Verra Mobility Stock Performance

Shares of VRRM stock traded down $1.65 on Monday, hitting $28.10. 2,374,374 shares of the stock traded hands, compared to its average volume of 1,069,621. The company’s fifty day moving average is $27.88 and its 200 day moving average is $25.39. Verra Mobility Co. has a 1-year low of $17.04 and a 1-year high of $31.03. The company has a market capitalization of $4.68 billion, a PE ratio of 59.50, a PEG ratio of 2.03 and a beta of 1.27. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.75 and a quick ratio of 2.64.

Verra Mobility (NASDAQ:VRRM) last posted its earnings results on Thursday, May 2nd. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $209.73 million during the quarter, compared to analysts’ expectations of $202.78 million. Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. On average, equities research analysts predict that Verra Mobility Co. will post 1.09 earnings per share for the current fiscal year.

Insider Buying and Selling at Verra Mobility

In other news, Director Michael P. Huerta sold 8,690 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $26.50, for a total value of $230,285.00. Following the completion of the sale, the director now owns 18,025 shares in the company, valued at $477,662.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Jonathan Baldwin sold 9,758 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $26.14, for a total value 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 $200,572.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 in the company, valued at $477,662.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,993 shares of company stock valued at $736,974. Company insiders own 0.96% of the company’s stock.

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.