Verra Mobility Corp $VRRM Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System grew its stake in Verra Mobility Corp (NASDAQ:VRRM) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,874 shares of the company’s stock after purchasing an additional 4,051 shares during the quarter. New York State Teachers Retirement System’s holdings in Verra Mobility were worth $1,673,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of Verra Mobility by 46.6% in the second quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock valued at $37,000 after purchasing an additional 460 shares during the period. CWM LLC grew its position in shares of Verra Mobility by 112.2% in the second quarter. CWM LLC now owns 1,509 shares of the company’s stock valued at $38,000 after purchasing an additional 798 shares during the period. Caitong International Asset Management Co. Ltd grew its position in shares of Verra Mobility by 13,638.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,786 shares of the company’s stock valued at $40,000 after purchasing an additional 1,773 shares during the period. Quarry LP grew its position in shares of Verra Mobility by 361.8% in the first quarter. Quarry LP now owns 4,055 shares of the company’s stock valued at $91,000 after purchasing an additional 3,177 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Verra Mobility by 11.6% in the second quarter. GAMMA Investing LLC now owns 4,128 shares of the company’s stock valued at $105,000 after purchasing an additional 430 shares during the period.

Wall Street Analysts Forecast Growth

VRRM has been the topic of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Verra Mobility in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. Finally, Robert W. Baird raised their price target on shares of Verra Mobility from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Verra Mobility has an average rating of “Moderate Buy” and an average price target of $27.88.

Verra Mobility Price Performance

Shares of VRRM stock opened at $24.79 on Thursday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.28 and a quick ratio of 2.21. The firm’s 50-day moving average is $24.47 and its two-hundred day moving average is $24.03. Verra Mobility Corp has a 12 month low of $19.51 and a 12 month high of $27.20. The company has a market capitalization of $3.95 billion, a PE ratio of 103.30, a price-to-earnings-growth ratio of 2.90 and a beta of 0.77.

Verra Mobility (NASDAQ:VRRM) last issued its earnings results on Wednesday, August 6th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.01. Verra Mobility had a net margin of 4.30% and a return on equity of 55.14%. The company had revenue of $236.03 million for the quarter, compared to the consensus estimate of $232.78 million. During the same period in the previous year, the firm earned $0.31 earnings per share. Verra Mobility’s quarterly revenue was up 6.1% compared to the same quarter last year. Analysts predict that Verra Mobility Corp will post 1.08 earnings per share for the current 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.