Verra Mobility Co. (NASDAQ:VRRM) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its position in shares of Verra Mobility Co. (NASDAQ:VRRM) by 27.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 832,822 shares of the company’s stock after selling 319,508 shares during the quarter. New York State Common Retirement Fund’s holdings in Verra Mobility were worth $20,138,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Peregrine Capital Management LLC boosted its holdings in shares of Verra Mobility by 1.8% in the fourth quarter. Peregrine Capital Management LLC now owns 541,289 shares of the company’s stock valued at $13,088,000 after acquiring an additional 9,571 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in Verra Mobility by 26.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 91,228 shares of the company’s stock valued at $2,206,000 after purchasing an additional 19,177 shares during the period. New York State Teachers Retirement System boosted its holdings in Verra Mobility by 24.9% in the 4th quarter. New York State Teachers Retirement System now owns 78,842 shares of the company’s stock valued at $1,906,000 after purchasing an additional 15,719 shares in the last quarter. DAVENPORT & Co LLC increased its position in Verra Mobility by 17.9% during the 4th quarter. DAVENPORT & Co LLC now owns 1,603,342 shares of the company’s stock worth $38,641,000 after purchasing an additional 243,723 shares during the period. Finally, Ausbil Investment Management Ltd purchased a new position in shares of Verra Mobility during the 4th quarter worth approximately $223,000.

Analyst Ratings Changes

A number of analysts recently weighed in on VRRM shares. Morgan Stanley decreased their price target on Verra Mobility from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. Robert W. Baird decreased 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. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a report on Friday, November 1st.

Verra Mobility Stock Performance

VRRM opened at $25.95 on Friday. Verra Mobility Co. has a 1-year low of $20.26 and a 1-year high of $31.03. The stock has a market cap of $4.28 billion, a P/E ratio of 43.25, a P/E/G ratio of 2.18 and a beta of 1.24. The stock’s 50 day simple moving average is $25.28 and its 200 day simple moving average is $25.70. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.61 and a quick ratio of 2.52.

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.