Public Sector Pension Investment Board Sells 17,000 Shares of Verra Mobility Co. (NASDAQ:VRRM)

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

Other institutional investors have also made changes to their positions in the company. Quest Partners LLC raised its stake in Verra Mobility by 1,732.7% during the 2nd quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock valued at $27,000 after purchasing an additional 953 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Verra Mobility by 112.4% during the 3rd 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. raised its position in shares of 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 buying an additional 745 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Verra Mobility by 713.5% in the second quarter. Fifth Third Bancorp now owns 3,124 shares of the company’s stock valued at $85,000 after buying an additional 2,740 shares during the period. Finally, Blue Trust Inc. grew its position in Verra Mobility by 27.5% during the third quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after buying an additional 694 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Verra Mobility Stock Up 0.4 %

Shares of VRRM opened at $23.66 on Friday. Verra Mobility Co. has a 12 month low of $19.94 and a 12 month high of $31.03. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of 39.43, a P/E/G ratio of 2.10 and a beta of 1.27. The company has a 50-day moving average price of $25.58 and a two-hundred day moving average price of $26.91. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

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

Verra Mobility Company 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.