Public Employees Retirement System of Ohio Purchases 14,868 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Public Employees Retirement System of Ohio grew its position in Verra Mobility Co. (NASDAQ:VRRM) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 229,852 shares of the company’s stock after acquiring an additional 14,868 shares during the quarter. Public Employees Retirement System of Ohio owned 0.14% of Verra Mobility worth $6,392,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fiera Capital Corp acquired a new position in shares of Verra Mobility in the third quarter valued at $33,905,000. Wellington Management Group LLP raised its stake in shares of Verra Mobility by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock valued at $224,310,000 after buying an additional 941,127 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Verra Mobility by 62.9% during the 3rd quarter. New York State Common Retirement Fund now owns 1,152,330 shares of the company’s stock worth $32,046,000 after acquiring an additional 444,911 shares during the period. Summit Creek Advisors LLC bought a new position in shares of Verra Mobility during the 2nd quarter worth about $10,370,000. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Verra Mobility by 149.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 605,851 shares of the company’s stock valued at $16,849,000 after acquiring an additional 363,357 shares in the last quarter.

Verra Mobility Price Performance

Shares of Verra Mobility stock opened at $23.79 on Friday. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 39.65, a P/E/G ratio of 2.12 and a beta of 1.23. The firm’s 50-day moving average price is $24.76 and its two-hundred day moving average price is $26.63. 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 $20.26 and a 1-year high of $31.03.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $226.65 million. During the same period in the prior year, the company earned $0.27 EPS. Verra Mobility’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts predict that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.