Public Employees Retirement System of Ohio Buys 32,627 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Public Employees Retirement System of Ohio grew its stake in Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 262,479 shares of the company's stock after purchasing an additional 32,627 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.16% of Verra Mobility worth $6,347,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of VRRM. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Verra Mobility by 25.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,064,618 shares of the company's stock valued at $49,922,000 after buying an additional 421,377 shares during the last quarter. Sovereign s Capital Management LLC acquired a new stake in Verra Mobility during the fourth quarter worth approximately $1,186,000. Westwood Holdings Group Inc. boosted its holdings in shares of Verra Mobility by 28.7% during the fourth quarter. Westwood Holdings Group Inc. now owns 4,460,793 shares of the company's stock worth $107,862,000 after acquiring an additional 994,775 shares during the period. Tidal Investments LLC acquired a new position in shares of Verra Mobility in the fourth quarter valued at approximately $11,755,000. Finally, State of Wyoming grew its position in shares of Verra Mobility by 109.6% in the fourth quarter. State of Wyoming now owns 23,292 shares of the company's stock valued at $563,000 after purchasing an additional 12,178 shares during the last quarter.

Verra Mobility Price Performance

Verra Mobility stock traded down $0.21 during mid-day trading on Thursday, reaching $23.84. 425,921 shares of the company were exchanged, compared to its average volume of 1,180,404. The firm has a market cap of $3.80 billion, a PE ratio of 39.73, a PEG ratio of 2.18 and a beta of 0.80. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52. The company has a fifty day simple moving average of $22.51 and a 200-day simple moving average of $23.56. Verra Mobility Co. has a 12 month low of $19.51 and a 12 month high of $31.03.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The company had revenue of $223.25 million for the quarter, compared to analysts' expectations of $216.94 million. During the same quarter last year, the business earned $0.27 earnings per share. Verra Mobility's revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts expect that Verra Mobility Co. will post 1.08 earnings per share for the current fiscal year.

Insider Transactions at Verra Mobility

In related news, insider Jonathan Keyser sold 18,719 shares of Verra Mobility stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $24.28, for a total value of $454,497.32. Following the transaction, the insider now directly owns 1,179 shares of the company's stock, valued at $28,626.12. This trade represents a 94.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.05% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on VRRM. Baird R W raised Verra Mobility from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 22nd. UBS Group dropped their target price on Verra Mobility from $31.50 to $29.50 and set a "buy" rating for the company in a report on Thursday, May 8th. Morgan Stanley reduced their target price on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Thursday, March 27th. Finally, Robert W. Baird raised their price target on shares of Verra Mobility from $27.00 to $28.00 and gave the stock an "outperform" rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $27.38.

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.