New York State Teachers Retirement System Grows Holdings in Verra Mobility Corp $VRRM

New York State Teachers Retirement System grew its stake in Verra Mobility Corp (NASDAQ:VRRM) by 6.6% during the second quarter, Holdings Channel.com reports. The fund owned 65,874 shares of the company’s stock after acquiring an additional 4,051 shares during the period. New York State Teachers Retirement System’s holdings in Verra Mobility were worth $1,673,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in shares of Verra Mobility by 46.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,447 shares of the company’s stock valued at $37,000 after acquiring an additional 460 shares during the period. CWM LLC raised its stake in shares of Verra Mobility by 112.2% in the 2nd quarter. CWM LLC now owns 1,509 shares of the company’s stock valued at $38,000 after acquiring an additional 798 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in shares of Verra Mobility by 13,638.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,786 shares of the company’s stock valued at $40,000 after acquiring an additional 1,773 shares during the period. Quarry LP grew its holdings 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 in the last quarter. Finally, GAMMA Investing LLC grew its holdings 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 in the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of Verra Mobility from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Weiss Ratings restated a “hold (c-)” rating on shares of Verra Mobility in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Verra Mobility from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Verra Mobility presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.88.

Verra Mobility Trading Up 0.1%

NASDAQ VRRM opened at $24.79 on Thursday. The company has a quick ratio of 2.21, a current ratio of 2.28 and a debt-to-equity ratio of 2.93. Verra Mobility Corp has a 52 week low of $19.51 and a 52 week high of $27.20. The stock 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. The firm has a 50 day moving average of $24.47 and a two-hundred day moving average of $24.03.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.34 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $232.78 million. During the same quarter in the previous year, the business posted $0.31 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. As a group, research analysts expect that Verra Mobility Corp will post 1.08 EPS for the current fiscal 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.