Vestcor Inc Invests $290,000 in Verra Mobility Co. (NASDAQ:VRRM)

Vestcor Inc bought a new stake in Verra Mobility Co. (NASDAQ:VRRM) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 12,000 shares of the company’s stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in Verra Mobility by 13.2% in the third 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. State Street Corp raised its position 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 worth $175,234,000 after purchasing an additional 357,078 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Verra Mobility by 23.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,643,241 shares of the company’s stock worth $45,699,000 after purchasing an additional 313,080 shares in the last quarter. Braun Stacey Associates Inc. grew its position in Verra Mobility by 148.0% in the 3rd quarter. Braun Stacey Associates Inc. now owns 439,904 shares of the company’s stock valued at $12,234,000 after purchasing an additional 262,509 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in Verra Mobility during the 3rd quarter valued at $7,039,000.

Verra Mobility Stock Up 0.8 %

Verra Mobility stock opened at $20.83 on Tuesday. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 34.72, a price-to-earnings-growth ratio of 2.18 and a beta of 1.30. The firm’s fifty day moving average price is $24.76 and its two-hundred day moving average price is $25.12. Verra Mobility Co. has a 1-year low of $19.51 and a 1-year 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.

About Verra Mobility

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.