Teachers Retirement System of The State of Kentucky Boosts Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Teachers Retirement System of The State of Kentucky grew its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 179,624 shares of the company's stock after acquiring an additional 11,701 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.11% of Verra Mobility worth $4,344,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in VRRM. JPMorgan Chase & Co. increased its stake in Verra Mobility by 0.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,463,246 shares of the company's stock worth $179,743,000 after acquiring an additional 36,585 shares during the period. Barclays PLC increased its position in Verra Mobility by 400.2% during the 3rd quarter. Barclays PLC now owns 294,457 shares of the company's stock worth $8,189,000 after purchasing an additional 235,589 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Verra Mobility by 8.4% during the 4th quarter. LPL Financial LLC now owns 151,920 shares of the company's stock valued at $3,673,000 after acquiring an additional 11,772 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Verra Mobility during the fourth quarter valued at about $2,348,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Verra Mobility by 245.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company's stock worth $56,000 after purchasing an additional 1,640 shares during the last quarter.

Verra Mobility Trading Down 0.3 %

Shares of Verra Mobility stock traded down $0.07 on Monday, reaching $21.85. 282,751 shares of the company's stock were exchanged, compared to its average volume of 1,161,022. The company has a market capitalization of $3.49 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 2.18 and a beta of 0.91. Verra Mobility Co. has a 52 week low of $19.51 and a 52 week high of $31.03. The firm's 50-day moving average is $22.13 and its two-hundred day moving average is $23.93. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.52 and a current ratio of 2.61.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley cut their price target on shares of Verra Mobility from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Robert W. Baird raised Verra Mobility from a "neutral" rating to an "outperform" rating and set a $27.00 price target for the company in a research note on Tuesday, April 22nd. Finally, Baird R W raised Verra Mobility from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 22nd.

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.