Illinois Municipal Retirement Fund Acquires 14,854 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Illinois Municipal Retirement Fund boosted its holdings in Verra Mobility Co. (NASDAQ:VRRM) by 18.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,309 shares of the company’s stock after purchasing an additional 14,854 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Verra Mobility were worth $2,195,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VRRM. Carmel Capital Partners LLC purchased a new stake in shares of Verra Mobility in the third quarter worth about $27,000. Pacer Advisors Inc. boosted its position in shares of Verra Mobility by 98.0% during the 4th quarter. Pacer Advisors Inc. now owns 1,905 shares of the company’s stock valued at $44,000 after acquiring an additional 943 shares during the last quarter. Assetmark Inc. purchased a new position in shares of Verra Mobility in the third quarter valued at $58,000. NBC Securities Inc. bought a new stake in Verra Mobility in the third quarter worth $62,000. Finally, RiverPark Advisors LLC bought a new stake in Verra Mobility in the third quarter worth $75,000.

Analysts Set New Price Targets

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

Insider Transactions at Verra Mobility

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

Verra Mobility Price Performance

NASDAQ:VRRM opened at $24.26 on Friday. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 67.39, a PEG ratio of 1.82 and a beta of 1.17. The company has a debt-to-equity ratio of 2.44, a current ratio of 2.05 and a quick ratio of 1.96. The business has a 50 day simple moving average of $23.49 and a 200-day simple moving average of $22.08. Verra Mobility Co. has a 1 year low of $16.22 and a 1 year high of $25.57.

Verra Mobility (NASDAQ:VRRM) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The company had revenue of $211.01 million during the quarter, compared to the consensus estimate of $201.76 million. Verra Mobility had a return on equity of 41.86% and a net margin of 6.98%. Equities analysts forecast that Verra Mobility Co. will post 1.07 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.