State of New Jersey Common Pension Fund D Lowers Holdings in Verra Mobility Co. (NASDAQ:VRRM)

State of New Jersey Common Pension Fund D decreased its holdings in Verra Mobility Co. (NASDAQ:VRRMGet Rating) by 19.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 147,100 shares of the company’s stock after selling 35,872 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.09% of Verra Mobility worth $2,395,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VRRM. Northern Trust Corp lifted its stake in Verra Mobility by 0.8% in the fourth quarter. Northern Trust Corp now owns 1,926,396 shares of the company’s stock worth $29,723,000 after acquiring an additional 15,602 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in shares of Verra Mobility during the fourth quarter worth about $1,084,000. Torray LLC grew its holdings in shares of Verra Mobility by 4.4% during the first quarter. Torray LLC now owns 92,460 shares of the company’s stock worth $1,505,000 after purchasing an additional 3,932 shares during the last quarter. Barclays PLC grew its holdings in shares of Verra Mobility by 17.6% during the fourth quarter. Barclays PLC now owns 185,713 shares of the company’s stock worth $2,866,000 after purchasing an additional 27,754 shares during the last quarter. Finally, Sunriver Management LLC grew its holdings in shares of Verra Mobility by 41.4% during the fourth quarter. Sunriver Management LLC now owns 2,134,121 shares of the company’s stock worth $32,929,000 after purchasing an additional 625,075 shares during the last quarter.

Verra Mobility Price Performance

Shares of NASDAQ:VRRM opened at $16.35 on Wednesday. The company has a quick ratio of 2.25, a current ratio of 2.35 and a debt-to-equity ratio of 4.37. The company has a market cap of $2.55 billion, a P/E ratio of 48.09 and a beta of 1.23. Verra Mobility Co. has a 52 week low of $12.70 and a 52 week high of $18.13. The company has a 50-day moving average price of $15.99 and a 200 day moving average price of $15.75.

Verra Mobility (NASDAQ:VRRMGet Rating) last announced its quarterly earnings data on Monday, May 9th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $170.39 million during the quarter, compared to analyst estimates of $165.02 million. Verra Mobility had a net margin of 9.57% and a return on equity of 44.07%. During the same quarter in the previous year, the business earned $0.11 EPS. Research analysts predict that Verra Mobility Co. will post 0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Verra Mobility from $18.00 to $19.00 in a report on Wednesday, July 20th. Robert W. Baird lowered Verra Mobility from an “outperform” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a report on Wednesday, July 13th. TheStreet downgraded shares of Verra Mobility from a “b-” rating to a “c+” rating in a research note on Tuesday, April 12th. Finally, Credit Suisse Group increased their target price on shares of Verra Mobility from $19.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, April 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.80.

Verra Mobility Company Profile

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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 Government Solutions segment offers automated safety solutions, including services and technologies that enable photo enforcement through road safety camera programs, which detects and process traffic violations related to red light, speed, school bus, and city bus lanes.

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Institutional Ownership by Quarter for Verra Mobility (NASDAQ:VRRM)

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