Public Sector Pension Investment Board Has $9.72 Million Position in Verra Mobility Co. (NASDAQ:VRRM)

Public Sector Pension Investment Board lessened its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 349,368 shares of the company’s stock after selling 17,000 shares during the period. Public Sector Pension Investment Board owned about 0.21% of Verra Mobility worth $9,716,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quest Partners LLC boosted its position in Verra Mobility by 1,732.7% during the 2nd quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock worth $27,000 after acquiring an additional 953 shares during the period. Signaturefd LLC boosted its holdings in shares of Verra Mobility by 112.4% during the third quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after purchasing an additional 561 shares during the period. First Horizon Advisors Inc. grew its position in Verra Mobility by 192.0% during the third quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock valued at $32,000 after purchasing an additional 745 shares in the last quarter. Fifth Third Bancorp grew its position in Verra Mobility by 713.5% during the second quarter. Fifth Third Bancorp now owns 3,124 shares of the company’s stock valued at $85,000 after purchasing an additional 2,740 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock valued at $88,000 after buying an additional 694 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VRRM. Morgan Stanley lowered their price target on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Robert W. Baird lowered their target price on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

Verra Mobility Stock Up 0.4 %

Verra Mobility stock opened at $23.66 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. Verra Mobility Co. has a 1-year low of $19.94 and a 1-year high of $31.03. The firm’s fifty day simple moving average is $25.58 and its 200-day simple moving average is $26.91. The company has a market capitalization of $3.90 billion, a P/E ratio of 39.43, a P/E/G ratio of 2.10 and a beta of 1.27.

Verra Mobility (NASDAQ:VRRM) last posted its earnings results on Thursday, October 31st. The company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $225.55 million for the quarter, compared to analyst estimates of $226.65 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share. Sell-side analysts forecast that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Verra Mobility 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.