Mutual of America Capital Management LLC Has $1.72 Million Stock Position in Verra Mobility Co. (NASDAQ:VRRM)

Mutual of America Capital Management LLC raised its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 125.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,775 shares of the company’s stock after buying an additional 34,404 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Verra Mobility were worth $1,718,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Verra Mobility by 1.3% during the first quarter. Vanguard Group Inc. now owns 17,466,733 shares of the company’s stock worth $436,144,000 after acquiring an additional 231,566 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in Verra Mobility by 17.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 12,270 shares of the company’s stock valued at $306,000 after acquiring an additional 1,829 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of Verra Mobility by 19.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 157,510 shares of the company’s stock valued at $3,931,000 after acquiring an additional 25,447 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Verra Mobility by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,427,527 shares of the company’s stock worth $185,466,000 after purchasing an additional 351,694 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Verra Mobility by 16,613.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 143,901 shares of the company’s stock valued at $3,593,000 after purchasing an additional 143,040 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on VRRM shares. Morgan Stanley reduced their price objective on shares of Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lowered their price objective on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Robert W. Baird cut their target price 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.

Verra Mobility Price Performance

Shares of NASDAQ VRRM opened at $23.64 on Monday. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13. The company has a market capitalization of $3.90 billion, a PE ratio of 39.40, a PEG ratio of 2.07 and a beta of 1.27. The stock’s 50 day moving average price is $25.87 and its 200-day moving average price is $27.00. Verra Mobility Co. has a twelve month low of $19.67 and a twelve month high of $31.03.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $225.55 million during the quarter, compared to the consensus estimate of $226.65 million. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. On average, equities analysts anticipate that Verra Mobility Co. will post 1.08 EPS for the current year.

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.