Maryland State Retirement & Pension System Sells 2,049 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Maryland State Retirement & Pension System decreased its position in Verra Mobility Co. (NASDAQ:VRRM) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,446 shares of the company’s stock after selling 2,049 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Verra Mobility were worth $1,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of VRRM. M&T Bank Corp grew its holdings in Verra Mobility by 22.6% during the 4th quarter. M&T Bank Corp now owns 85,809 shares of the company’s stock valued at $1,976,000 after purchasing an additional 15,830 shares during the last quarter. Natixis Advisors L.P. purchased a new position in Verra Mobility in the fourth quarter valued at about $353,000. Swiss National Bank lifted its position in Verra Mobility by 20.1% during the fourth quarter. Swiss National Bank now owns 317,600 shares of the company’s stock valued at $7,314,000 after acquiring an additional 53,100 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Verra Mobility in the 4th quarter worth $73,000. Finally, Meritage Portfolio Management increased its holdings in shares of Verra Mobility by 5.6% during the fourth quarter. Meritage Portfolio Management now owns 30,399 shares of the company’s stock valued at $700,000 after acquiring an additional 1,605 shares in the last quarter.

Insiders Place Their Bets

In other Verra Mobility news, insider Jonathan Keyser sold 7,789 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $22.41, for a total value of $174,551.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director John H. Rexford sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $22.82, for a total transaction of $228,200.00. Following the completion of the sale, the director now directly owns 41,275 shares of the company’s stock, valued at approximately $941,895.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jonathan Keyser sold 7,789 shares of Verra Mobility stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $22.41, for a total transaction of $174,551.49. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by corporate insiders.

Verra Mobility Price Performance

Shares of NASDAQ VRRM opened at $26.87 on Thursday. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 53.74, a PEG ratio of 1.95 and a beta of 1.16. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.75 and a quick ratio of 2.64. The firm’s 50 day simple moving average is $24.10 and its 200-day simple moving average is $22.45. Verra Mobility Co. has a 12 month low of $17.04 and a 12 month high of $26.89.

Verra Mobility (NASDAQ:VRRM) last announced its earnings results on Thursday, February 29th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). Verra Mobility had a net margin of 9.77% and a return on equity of 37.87%. The company had revenue of $211.01 million during the quarter, compared to analyst estimates of $201.76 million. Analysts expect that Verra Mobility Co. will post 1.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley lifted their price target on Verra Mobility from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 27th.

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.