Verra Mobility Co. (NASDAQ:VRRM) Stake Boosted by New York State Teachers Retirement System

New York State Teachers Retirement System grew its position in Verra Mobility Co. (NASDAQ:VRRM) by 24.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,842 shares of the company’s stock after buying an additional 15,719 shares during the quarter. New York State Teachers Retirement System’s holdings in Verra Mobility were worth $1,906,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in VRRM. Signaturefd LLC lifted its position in shares of Verra Mobility by 112.4% in the third quarter. Signaturefd LLC now owns 1,060 shares of the company’s stock worth $29,000 after purchasing an additional 561 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Verra Mobility by 192.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock valued at $32,000 after purchasing an additional 745 shares in the last quarter. Avanza Fonder AB acquired a new position in Verra Mobility during the fourth quarter worth $74,000. Blue Trust Inc. raised its stake in shares of Verra Mobility by 27.5% in the 3rd quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock valued at $88,000 after acquiring an additional 694 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Verra Mobility by 10.3% in the third quarter. US Bancorp DE now owns 4,478 shares of the company’s stock worth $125,000 after buying an additional 418 shares during the last quarter.

Wall Street Analysts Forecast Growth

VRRM has been the subject of several recent analyst reports. Morgan Stanley decreased 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. Robert W. Baird lowered their price objective on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. 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 Down 0.7 %

Shares of VRRM opened at $25.95 on Friday. The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 43.25, a P/E/G ratio of 2.18 and a beta of 1.24. 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 Co. has a 12 month low of $20.26 and a 12 month high of $31.03. The company has a 50-day moving average price of $25.28 and a two-hundred day moving average price of $25.70.

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.