Mutual of America Capital Management LLC Increases Stock Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Mutual of America Capital Management LLC boosted its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 125.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,775 shares of the company’s stock after buying an additional 34,404 shares during the period. Mutual of America Capital Management LLC’s holdings in Verra Mobility were worth $1,718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of VRRM. Fiera Capital Corp purchased a new position in shares of Verra Mobility during the 3rd quarter valued at about $33,905,000. Swedbank AB acquired a new position in shares of Verra Mobility in the 1st quarter valued at $26,218,000. New York State Common Retirement Fund lifted its stake in shares of Verra Mobility by 62.9% in the 3rd quarter. New York State Common Retirement Fund now owns 1,152,330 shares of the company’s stock valued at $32,046,000 after purchasing an additional 444,911 shares during the period. Summit Creek Advisors LLC acquired a new position in shares of Verra Mobility in the second quarter worth about $10,370,000. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Verra Mobility by 149.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 605,851 shares of the company’s stock worth $16,849,000 after acquiring an additional 363,357 shares in the last quarter.

Verra Mobility Price Performance

Shares of VRRM opened at $23.64 on Monday. The stock has a market cap of $3.90 billion, a PE ratio of 39.40, a price-to-earnings-growth ratio of 2.07 and a beta of 1.27. Verra Mobility Co. has a 1-year low of $19.67 and a 1-year high of $31.03. The firm has a fifty day moving average price of $25.87 and a 200 day moving average price of $27.00. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52.

Verra Mobility (NASDAQ:VRRM) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $225.55 million during the quarter, compared to the consensus estimate of $226.65 million. Verra Mobility had a net margin of 11.64% and a return on equity of 38.97%. The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. As a group, sell-side analysts anticipate that Verra Mobility Co. will post 1.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a report on Friday, November 1st. Morgan Stanley lowered their price objective on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 30th. Finally, Robert W. Baird reduced their target price on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, November 1st.

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.