Louisiana State Employees Retirement System Makes New $1.92 Million Investment in Verra Mobility Co. (NASDAQ:VRRM)

Louisiana State Employees Retirement System bought a new position in Verra Mobility Co. (NASDAQ:VRRM) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 83,200 shares of the company’s stock, valued at approximately $1,916,000. Louisiana State Employees Retirement System owned 0.05% of Verra Mobility at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in VRRM. BlackRock Inc. lifted its holdings in shares of Verra Mobility by 125.7% in the 1st quarter. BlackRock Inc. now owns 21,543,408 shares of the company’s stock worth $364,514,000 after buying an additional 11,996,697 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Verra Mobility by 16.4% in the 3rd quarter. Vanguard Group Inc. now owns 17,409,355 shares of the company’s stock worth $325,555,000 after buying an additional 2,447,297 shares during the period. JPMorgan Chase & Co. raised its position in shares of Verra Mobility by 1,024.4% in the 1st quarter. JPMorgan Chase & Co. now owns 2,486,291 shares of the company’s stock worth $42,067,000 after acquiring an additional 2,265,174 shares in the last quarter. State Street Corp raised its position in shares of Verra Mobility by 58.0% in the 1st quarter. State Street Corp now owns 4,792,503 shares of the company’s stock worth $81,089,000 after acquiring an additional 1,759,393 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Verra Mobility by 1,439.4% in the 3rd quarter. American Century Companies Inc. now owns 1,707,090 shares of the company’s stock worth $31,923,000 after acquiring an additional 1,596,194 shares in the last quarter.

Verra Mobility Trading Down 1.2 %

Shares of NASDAQ:VRRM opened at $23.44 on Friday. Verra Mobility Co. has a 52-week low of $16.22 and a 52-week high of $25.57. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 65.11, a PEG ratio of 1.81 and a beta of 1.17. The company has a quick ratio of 1.96, a current ratio of 2.05 and a debt-to-equity ratio of 2.44. The business has a 50-day moving average price of $23.38 and a 200-day moving average price of $21.92.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.22 earnings per share (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 during the quarter, compared to analysts’ expectations of $201.76 million. Equities analysts predict that Verra Mobility Co. will post 1.07 EPS for the current year.

Insider Transactions at Verra Mobility

In other news, Director John H. Rexford sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $22.82, for a total value of $228,200.00. Following the completion of the transaction, the director now directly owns 41,275 shares in the company, valued at $941,895.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Jonathan Keyser sold 7,789 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John H. Rexford sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $22.82, for a total value of $228,200.00. Following the sale, the director now directly owns 41,275 shares in the company, valued at $941,895.50. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.

Analysts Set New Price Targets

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

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.