State of New Jersey Common Pension Fund D Increases Holdings in Verra Mobility Corp $VRRM

State of New Jersey Common Pension Fund D raised its stake in shares of Verra Mobility Corp (NASDAQ:VRRM) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,269 shares of the company’s stock after buying an additional 4,404 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Verra Mobility were worth $2,013,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its stake in Verra Mobility by 12.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,265,348 shares of the company’s stock valued at $231,074,000 after buying an additional 1,153,573 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Verra Mobility by 5.1% in the first quarter. Wellington Management Group LLP now owns 7,922,473 shares of the company’s stock worth $178,335,000 after purchasing an additional 386,760 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Verra Mobility by 155.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,280,591 shares of the company’s stock worth $118,866,000 after purchasing an additional 3,215,973 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Verra Mobility by 9.3% in the first quarter. Westwood Holdings Group Inc. now owns 4,873,442 shares of the company’s stock worth $109,701,000 after purchasing an additional 412,649 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of Verra Mobility by 15.8% in the second quarter. William Blair Investment Management LLC now owns 2,582,884 shares of the company’s stock worth $65,579,000 after purchasing an additional 352,942 shares during the last quarter.

Wall Street Analysts Forecast Growth

VRRM has been the subject of several recent analyst reports. Robert W. Baird boosted their price target on Verra Mobility from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. UBS Group upped their price objective on Verra Mobility from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen cut Verra Mobility from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Verra Mobility in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $28.25.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $23.49 on Friday. The company has a market capitalization of $3.75 billion, a P/E ratio of 73.41, a P/E/G ratio of 2.79 and a beta of 0.77. The business’s 50 day moving average is $24.44 and its two-hundred day moving average is $24.14. The company has a current ratio of 2.28, a quick ratio of 2.21 and a debt-to-equity ratio of 2.93. Verra Mobility Corp has a 12-month low of $19.51 and a 12-month high of $27.20.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Wednesday, October 29th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.03. The business had revenue of $261.94 million for the quarter, compared to the consensus estimate of $237.68 million. Verra Mobility had a return on equity of 65.57% and a net margin of 5.42%.The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. Verra Mobility has set its FY 2025 guidance at 1.300-1.350 EPS. Analysts expect that Verra Mobility Corp will post 1.08 EPS for the current fiscal 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.