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

Illinois Municipal Retirement Fund trimmed its holdings in shares of Verra Mobility Co. (NASDAQ:VRRM) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,106 shares of the company’s stock after selling 988 shares during the period. Illinois Municipal Retirement Fund owned about 0.05% of Verra Mobility worth $2,106,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fiera Capital Corp purchased a new stake in shares of Verra Mobility in the third quarter worth about $33,905,000. Wellington Management Group LLP lifted its position in Verra Mobility by 13.2% during the 3rd quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock worth $224,310,000 after acquiring an additional 941,127 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in 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 worth $32,046,000 after acquiring an additional 444,911 shares during the period. Harbor Capital Advisors Inc. grew its position in Verra Mobility by 149.8% in the third quarter. Harbor Capital Advisors Inc. now owns 605,851 shares of the company’s stock valued at $16,849,000 after acquiring an additional 363,357 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Verra Mobility by 6.0% during the third quarter. State Street Corp now owns 6,301,131 shares of the company’s stock valued at $175,234,000 after purchasing an additional 357,078 shares during the period.

Analysts Set New Price Targets

VRRM has been the subject of several analyst reports. 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 note on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their target price on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

Verra Mobility Stock Performance

Verra Mobility stock opened at $22.89 on Friday. Verra Mobility Co. has a 52 week low of $20.26 and a 52 week high of $31.03. The company has a current ratio of 2.61, a quick ratio of 2.52 and a debt-to-equity ratio of 2.13. The stock has a market cap of $3.77 billion, a P/E ratio of 38.15, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24. The stock has a 50 day moving average of $25.46 and a 200-day moving average of $25.67.

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.