Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 1.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 87,106 shares of the company’s stock after selling 988 shares during the period. Illinois Municipal Retirement Fund’s holdings in Verra Mobility were worth $2,106,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fiera Capital Corp bought a new position in Verra Mobility during the 3rd quarter worth $33,905,000. Wellington Management Group LLP boosted its holdings in shares of Verra Mobility by 13.2% during the third quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock valued at $224,310,000 after acquiring an additional 941,127 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of Verra Mobility by 62.9% during the third quarter. New York State Common Retirement Fund now owns 1,152,330 shares of the company’s stock valued at $32,046,000 after acquiring an additional 444,911 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Verra Mobility by 149.8% during the third 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 during the last quarter. Finally, State Street Corp increased its holdings in shares of Verra Mobility by 6.0% in the 3rd quarter. State Street Corp now owns 6,301,131 shares of the company’s stock worth $175,234,000 after acquiring an additional 357,078 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have commented on VRRM shares. Robert W. Baird decreased their target price on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research report on Friday, November 1st.

Verra Mobility Price Performance

Shares of NASDAQ VRRM opened at $22.89 on Friday. The stock has a market cap of $3.77 billion, a P/E ratio of 38.15, a P/E/G ratio of 2.18 and a beta of 1.24. The firm’s 50-day simple moving average is $25.46 and its 200 day simple moving average is $25.67. 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 quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

Verra Mobility 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.