83,200 Shares in Verra Mobility Co. (NASDAQ:VRRM) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in Verra Mobility Co. (NASDAQ:VRRM) during the fourth quarter, HoldingsChannel reports. The fund purchased 83,200 shares of the company’s stock, valued at approximately $1,916,000.

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

Insider Buying and Selling at Verra Mobility

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

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised their price objective on Verra Mobility from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 27th.

Verra Mobility Stock Down 1.2 %

Shares of Verra Mobility stock opened at $23.44 on Friday. The business has a 50-day moving average of $23.38 and a 200-day moving average of $21.92. The company has a debt-to-equity ratio of 2.44, a current ratio of 2.05 and a quick ratio of 1.96. The company has a market capitalization of $3.89 billion, a PE ratio of 65.11, a P/E/G ratio of 1.81 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 quarterly earnings results on Thursday, February 29th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Verra Mobility had a return on equity of 41.86% and a net margin of 6.98%. The firm had revenue of $211.01 million during the quarter, compared to analyst estimates of $201.76 million. As a group, equities analysts forecast that Verra Mobility Co. will post 1.07 EPS for the current fiscal year.

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.