Public Employees Retirement System of Ohio Has $6.39 Million Position in Verra Mobility Co. (NASDAQ:VRRM)

Public Employees Retirement System of Ohio increased its stake in Verra Mobility Co. (NASDAQ:VRRM) by 6.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 229,852 shares of the company’s stock after purchasing an additional 14,868 shares during the period. Public Employees Retirement System of Ohio’s holdings in Verra Mobility were worth $6,392,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Quest Partners LLC raised its position in shares of Verra Mobility by 1,732.7% during the second quarter. Quest Partners LLC now owns 1,008 shares of the company’s stock worth $27,000 after acquiring an additional 953 shares during the last quarter. Signaturefd LLC increased its position in 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 during the period. First Horizon Advisors Inc. raised its holdings in Verra Mobility by 192.0% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,133 shares of the company’s stock worth $32,000 after purchasing an additional 745 shares during the last quarter. Fifth Third Bancorp lifted its position in Verra Mobility by 713.5% during the 2nd quarter. Fifth Third Bancorp now owns 3,124 shares of the company’s stock valued at $85,000 after purchasing an additional 2,740 shares during the period. Finally, Blue Trust Inc. boosted 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 purchasing an additional 694 shares during the last quarter.

Analyst Upgrades and Downgrades

VRRM has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Morgan Stanley cut their price target on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Finally, Robert W. Baird decreased their price objective on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, November 1st.

Verra Mobility Stock Down 0.9 %

Verra Mobility stock opened at $23.79 on Friday. Verra Mobility Co. has a fifty-two week low of $20.26 and a fifty-two week high of $31.03. 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 firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 2.12 and a beta of 1.23. The company’s 50 day simple moving average is $24.76 and its 200 day simple moving average is $26.63.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The company had revenue of $225.55 million during the quarter, compared to analyst estimates of $226.65 million. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. As a group, sell-side 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.