Arizona State Retirement System Increases Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Arizona State Retirement System lifted its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 31.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,059 shares of the company’s stock after buying an additional 10,802 shares during the quarter. Arizona State Retirement System’s holdings in Verra Mobility were worth $1,038,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of VRRM. Bank of New York Mellon Corp lifted its stake in shares of Verra Mobility by 3.9% during the 1st quarter. Bank of New York Mellon Corp now owns 643,613 shares of the company’s stock valued at $10,478,000 after buying an additional 23,894 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Verra Mobility during the 1st quarter valued at approximately $205,000. MetLife Investment Management LLC lifted its stake in shares of Verra Mobility by 63.0% during the 1st quarter. MetLife Investment Management LLC now owns 80,812 shares of the company’s stock valued at $1,316,000 after buying an additional 31,231 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Verra Mobility by 3.5% during the 1st quarter. BlackRock Inc. now owns 9,741,503 shares of the company’s stock valued at $158,592,000 after buying an additional 329,023 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Verra Mobility by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,238,882 shares of the company’s stock valued at $20,167,000 after buying an additional 108,092 shares in the last quarter.

Verra Mobility Stock Performance

Verra Mobility stock opened at $24.17 on Tuesday. The firm’s 50 day simple moving average is $23.28 and its 200 day simple moving average is $21.86. The company has a current ratio of 2.05, a quick ratio of 1.96 and a debt-to-equity ratio of 2.44. The firm has a market capitalization of $4.01 billion, a PE ratio of 67.14, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. Verra Mobility Co. has a 1-year low of $16.22 and a 1-year high of $25.57.

Verra Mobility (NASDAQ:VRRM) last posted its earnings results on Thursday, February 29th. The company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The firm had revenue of $211.01 million for the quarter, compared to the consensus estimate of $201.76 million. Verra Mobility had a return on equity of 41.86% and a net margin of 6.98%. As a group, analysts expect that Verra Mobility Co. will post 1.07 earnings per share for the current fiscal year.

Insider Transactions at Verra Mobility

In other news, insider Jonathan Keyser sold 7,789 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $22.41, for a total value of $174,551.49. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director John H. Rexford sold 10,000 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $22.82, for a total transaction of $228,200.00. Following the transaction, the director now owns 41,275 shares of the company’s stock, valued at approximately $941,895.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jonathan Keyser sold 7,789 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $22.41, for a total transaction of $174,551.49. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upped their target price on shares of Verra Mobility from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 27th.

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.