Louisiana State Employees Retirement System Sells 4,200 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Louisiana State Employees Retirement System trimmed its stake in Verra Mobility Co. (NASDAQ:VRRM) by 5.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,600 shares of the company’s stock after selling 4,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Verra Mobility were worth $2,214,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Crossmark Global Holdings Inc. increased its position in shares of Verra Mobility by 1.5% in the second quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company’s stock worth $742,000 after purchasing an additional 391 shares during the last quarter. Montag A & Associates Inc. increased its position in shares of Verra Mobility by 17.1% in the first quarter. Montag A & Associates Inc. now owns 3,045 shares of the company’s stock worth $76,000 after purchasing an additional 445 shares during the last quarter. Signaturefd LLC increased its position in shares of 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 last quarter. Blue Trust Inc. boosted its stake in Verra Mobility by 27.5% in the third quarter. Blue Trust Inc. now owns 3,219 shares of the company’s stock worth $88,000 after buying an additional 694 shares in the last quarter. Finally, Sage Rhino Capital LLC boosted its stake in Verra Mobility by 3.3% in the second quarter. Sage Rhino Capital LLC now owns 24,548 shares of the company’s stock worth $668,000 after buying an additional 793 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on VRRM. Robert W. Baird upped their target price on Verra Mobility from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft upped their target price on Verra Mobility from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Morgan Stanley upped their target price on Verra Mobility from $22.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th.

Verra Mobility Stock Performance

NASDAQ:VRRM opened at $26.39 on Wednesday. The firm has a market cap of $4.39 billion, a PE ratio of 52.78, a price-to-earnings-growth ratio of 1.73 and a beta of 1.27. Verra Mobility Co. has a fifty-two week low of $18.76 and a fifty-two week high of $31.03. The company has a debt-to-equity ratio of 2.36, a quick ratio of 2.47 and a current ratio of 2.57. The business has a 50 day moving average price of $27.18 and a 200-day moving average price of $27.12.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The firm had revenue of $222.43 million during the quarter, compared to analyst estimates of $220.32 million. Verra Mobility had a return on equity of 39.89% and a net margin of 11.34%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Equities research analysts predict that Verra Mobility Co. will post 1.07 earnings per share for the current year.

About Verra Mobility

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.