New York State Common Retirement Fund Trims Position in Verra Mobility Co. (NASDAQ:VRRM)

New York State Common Retirement Fund trimmed its stake in Verra Mobility Co. (NASDAQ:VRRM) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 567,186 shares of the company’s stock after selling 2,121 shares during the period. New York State Common Retirement Fund’s holdings in Verra Mobility were worth $13,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Carmel Capital Partners LLC bought a new position in Verra Mobility in the third quarter worth approximately $27,000. Pacer Advisors Inc. raised its holdings in shares of Verra Mobility by 98.0% in the fourth quarter. Pacer Advisors Inc. now owns 1,905 shares of the company’s stock valued at $44,000 after acquiring an additional 943 shares in the last quarter. Assetmark Inc. purchased a new stake in Verra Mobility in the third quarter worth about $58,000. NBC Securities Inc. bought a new position in Verra Mobility during the 3rd quarter worth about $62,000. Finally, RiverPark Advisors LLC purchased a new position in Verra Mobility during the 3rd quarter valued at about $75,000.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, insider Jonathan Keyser sold 7,789 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $22.41, for a total transaction of $174,551.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Jonathan Keyser sold 7,789 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $22.41, for a total transaction of $174,551.49. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John H. Rexford sold 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 41,275 shares of the company’s stock, valued at $941,895.50. The disclosure for this sale can be found here. Company insiders own 0.96% of the company’s stock.

Verra Mobility Stock Performance

Shares of Verra Mobility stock opened at $24.35 on Tuesday. The company has a market capitalization of $4.04 billion, a PE ratio of 67.64, a P/E/G ratio of 1.82 and a beta of 1.17. The company has a 50-day simple moving average of $23.60 and a two-hundred day simple moving average of $22.20. Verra Mobility Co. has a one year low of $16.22 and a one year high of $25.57. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.96 and a current ratio of 2.05.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.22 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $201.76 million. Research analysts expect that Verra Mobility Co. will post 1.07 EPS 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.