Public Sector Pension Investment Board Grows Stock Holdings in Verra Mobility Corp $VRRM

Public Sector Pension Investment Board raised its stake in Verra Mobility Corp (NASDAQ:VRRM) by 14.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 622,345 shares of the company’s stock after buying an additional 78,835 shares during the quarter. Public Sector Pension Investment Board’s holdings in Verra Mobility were worth $15,372,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Verra Mobility by 439.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,494 shares of the company’s stock worth $38,000 after acquiring an additional 1,217 shares during the period. CWM LLC boosted its position in Verra Mobility by 112.2% during the second quarter. CWM LLC now owns 1,509 shares of the company’s stock worth $38,000 after purchasing an additional 798 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Verra Mobility by 285.8% in the second quarter. Osaic Holdings Inc. now owns 3,044 shares of the company’s stock valued at $72,000 after purchasing an additional 2,255 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Verra Mobility by 46.7% in the second quarter. Smartleaf Asset Management LLC now owns 3,414 shares of the company’s stock valued at $87,000 after buying an additional 1,087 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Verra Mobility by 13.9% in the third quarter. GAMMA Investing LLC now owns 4,703 shares of the company’s stock valued at $116,000 after buying an additional 575 shares in the last quarter.

Verra Mobility Price Performance

Verra Mobility stock opened at $18.37 on Friday. The stock has a market capitalization of $2.93 billion, a P/E ratio of 57.41, a P/E/G ratio of 2.90 and a beta of 0.59. Verra Mobility Corp has a 12-month low of $17.08 and a 12-month high of $26.89. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.45 and a quick ratio of 2.35. The firm’s 50-day moving average is $21.28 and its two-hundred day moving average is $22.94.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on VRRM shares. UBS Group increased their price objective on shares of Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Wall Street Zen raised shares of Verra Mobility from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 20th. JPMorgan Chase & Co. began coverage on shares of Verra Mobility in a research note on Monday, January 26th. They set a “neutral” rating and a $25.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Verra Mobility in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.25.

About Verra Mobility

Verra Mobility, traded on the Nasdaq under the ticker VRRM, is a leading provider of smart mobility solutions designed to improve safety, efficiency and compliance for transportation authorities and commercial fleets. The company develops and operates automated traffic enforcement systems, toll and violation management platforms, and connected-vehicle services. Through its technology offerings, Verra Mobility helps public agencies enhance road safety, reduce congestion and streamline revenue collection for tolling and parking.

Verra Mobility’s core products include red-light and speed-camera enforcement programs, license plate recognition systems, and cloud-based violation processing software.