What to make of this report from a source named "Baseball Digest"? What's baseball got to do with Verra Mobility other than both are located here in Mesa @ Riverview there's Sloan Park, Spring Training for 12 weeks for the Chicago Cubs, and American Traffic Solutions headquarters close by.
The share amounts featured in the report are interesting to note . . . [See continuation of report farther down]
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Michael Baxter published this in https://postanalyst.com/
Verra Mobility Corporation (VRRM): Chase Insider & Institutional Changes, Not Stock Prices
Verra Mobility Corporation (NASDAQ:VRRM) enjoyed a 32.22% run-up in share price since hitting record low of $9. The stock managed 3.93% rise and now stands at $11.9 as of 3/29/2019. At a recent session, the prices were hovering between $11.41 and $11.91. This company shares are 17.65% off its target price of $14 and the current market capitalization stands at $1.9B. The recent change has given its price a 13.5% lead over SMA 50 and 1.1% lead over its 52-week high. The stock witnessed 12.26% gains, 18.06% gains and 14.09% gains for the 1-month, 3-month and 6-month period, respectively.
Verra Mobility Corporation (VRRM) Top Holders
Institutional investors currently hold around $652 million or 78.1% in VRRM stock.
Look at its top three institutional owners:
- Vanguard Group Inc owns $91.8 million in Verra Mobility Corporation, which represents roughly 4.83% of the company’s market cap and approximately 14.08% of the institutional ownership. Similar statistics are true for the second largest owner,
- Fmr Llc, which owns 7,411,151 shares of the stock are valued at $88.19 million.
- The third largest holder is Fairview Capital Investment Management, Llc, which currently holds $73.42 million worth of this stock and that ownership represents nearly 3.86% of its market capitalization.
- 32 institutional holders increased their position in Verra Mobility Corporation (NASDAQ:VRRM) by some 34,966,017 shares,
- 31 decreased positions by 15,837,711 and held positions by 3,963,232.
The stock grabbed 21 new institutional investments totaling 23,699,957 shares while 19 institutional investors sold out their entire positions totaling 9,419,360 shares.
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NOTE: The company is a large one — it counted about $350 million in adjusted revenue in 2017 — but its name might not ring a bell.
According to https://www.govtech.com/biz on 22 Oct 2018, that's because, up until June 2018, it was known as American Traffic Solutions.
Under that brand, it built big market positions in its respective areas of work and integrated its technology with all but a couple tolling authorities in the U.S.
Though the majority of its business is in the private sector, Verra’s government work includes red light cameras, speeding cameras and handheld radar guns for law enforcement. . .
It’s actually the second government-serving tech company to announce that it was going public since the beginning of September — it followed an announcement that six gov tech companies were merging into GTY Holdings.
And like in the GTY Holdings deal, Verra Mobility followed the “blank check company” approach to going public. That is, the company didn’t have its own initial public offering. Rather, a special purpose acquisition company called Gores Holdings II was created and filed for an IPO a while ago, and that company then bought Verra, making it a public company.
Top stories
Analyst Journal·4 hours ago
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They set a “buy” rating and a $15.00 target price for the company.
The company has a quick ratio of 2.69, a current ratio of 2.69 and a debt-to-equity ratio of 2.85.
A number of institutional investors have recently modified their holdings of the business:
- United Services Automobile Association acquired a new stake in Verra Mobility in the 4th quarter worth about $112,000.
- Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Verra Mobility in the 4th quarter worth about $440,000.
- Highbridge Capital Management LLC acquired a new stake in Verra Mobility in the 4th quarter worth about $488,000.
- Bank of New York Mellon Corp acquired a new stake in Verra Mobility in the 4th quarter worth about $575,000.
- Brown Advisory Inc. acquired a new stake in Verra Mobility in the 4th quarter worth about $1,127,000.
About Verra Mobility (NASDAQ:VRRM)
Company website: https://www.verramobility.com/
This is Verra Mobility on YouTube Published on Jun 7, 2018
"Welcome to Verra Mobility, a new smart mobility company focused on safe cities, smart roadways and the connected systems that tie them seamlessly together.
Over the past 15 years, we have been on an exciting journey– one that has seen us grow in size, scale, and impact. With our recent acquisitions of Highway Toll Administration and Euro Parking Collection, we are excited to further cement our position as a global leader in safe and smart mobility solutions.
While we continue to honor the heritage of these legacy brands, Verra Mobility will lead with a passion for growth and a purpose of impact. We believe our actions have the ability to move the world, and we exist to create smart mobility solutions that enable the world to move safely and easily.
We seek this purpose by never taking our eye off what’s most important, our customers. Whether it’s local governments, commercial or rental fleet owners, tolling authorities or law enforcement, we understand that no one is the same. We sit at the nexus of this mobility ecosystem in service of solving our customers’ most complex challenges and meeting the demands of a fast-growing mobility sector.
Today marks an important milestone in our company, but it’s just the beginning of our journey as we transition our legacy brands to Verra Mobility. We look forward to continuing the conversation of our new brand with you in the weeks to come."
Over the past 15 years, we have been on an exciting journey– one that has seen us grow in size, scale, and impact. With our recent acquisitions of Highway Toll Administration and Euro Parking Collection, we are excited to further cement our position as a global leader in safe and smart mobility solutions.
While we continue to honor the heritage of these legacy brands, Verra Mobility will lead with a passion for growth and a purpose of impact. We believe our actions have the ability to move the world, and we exist to create smart mobility solutions that enable the world to move safely and easily.
We seek this purpose by never taking our eye off what’s most important, our customers. Whether it’s local governments, commercial or rental fleet owners, tolling authorities or law enforcement, we understand that no one is the same. We sit at the nexus of this mobility ecosystem in service of solving our customers’ most complex challenges and meeting the demands of a fast-growing mobility sector.
Today marks an important milestone in our company, but it’s just the beginning of our journey as we transition our legacy brands to Verra Mobility. We look forward to continuing the conversation of our new brand with you in the weeks to come."
David Roberts is the CEO of Verra Mobility, formerly American Traffic Solutions
Management Team | Verra Mobility
ir.verramobility.com
The Investor Relations website contains information about Verra Mobility's business for stockholders, potential investors, and financial analysts
Safety Camera Enforcement
- Speed Enforcement
- Red Light Enforcement
- School Bus Stop Arm Enforcement
- Bus Lane Enforcement
- Railroad Crossing Enforcement
- Enforcement Support (ticketing)
Safety and Data Analysis
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