Alberta Investment Management Corp Raises Holdings in Verra Mobility Co. (NASDAQ:VRRM)

Alberta Investment Management Corp boosted its stake in shares of Verra Mobility Co. (NASDAQ:VRRM) by 61.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,497 shares of the company’s stock after acquiring an additional 40,197 shares during the quarter. Alberta Investment Management Corp’s holdings in Verra Mobility were worth $2,551,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of VRRM. Fiera Capital Corp acquired a new stake in Verra Mobility in the third quarter valued at approximately $33,905,000. Wellington Management Group LLP grew its stake in Verra Mobility by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 8,065,795 shares of the company’s stock valued at $224,310,000 after acquiring an additional 941,127 shares during the period. New York State Common Retirement Fund increased 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 in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Verra Mobility by 149.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 605,851 shares of the company’s stock worth $16,849,000 after acquiring an additional 363,357 shares in the last quarter. Finally, State Street Corp raised its position in 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 acquiring an additional 357,078 shares during the period.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Robert W. Baird dropped their target price on shares of Verra Mobility from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on Verra Mobility from $31.00 to $29.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Morgan Stanley reduced their target price on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating for the company in a report on Wednesday, October 30th.

Verra Mobility Trading Down 1.2 %

Shares of VRRM opened at $26.13 on Friday. Verra Mobility Co. has a 52-week low of $20.26 and a 52-week high of $31.03. The stock has a market cap of $4.31 billion, a PE ratio of 43.55, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. The firm’s fifty day moving average is $25.24 and its two-hundred day moving average is $25.74. The company has a quick ratio of 2.52, a current ratio of 2.61 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.