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

New York State Common Retirement Fund reduced its position in Verra Mobility Co. (NASDAQ:VRRM) by 27.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 832,822 shares of the company’s stock after selling 319,508 shares during the quarter. New York State Common Retirement Fund owned approximately 0.51% of Verra Mobility worth $20,138,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Fiera Capital Corp purchased a new position in shares of Verra Mobility in the third quarter valued at approximately $33,905,000. Wellington Management Group LLP boosted its position 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 buying an additional 941,127 shares during the period. Harbor Capital Advisors Inc. boosted its position in Verra Mobility by 149.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 605,851 shares of the company’s stock valued at $16,849,000 after buying an additional 363,357 shares during the period. State Street Corp grew its stake in shares of Verra Mobility by 6.0% in 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Verra Mobility by 23.5% during the third 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 acquiring an additional 313,080 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VRRM shares. Deutsche Bank Aktiengesellschaft decreased their target price on Verra Mobility from $31.00 to $29.00 and set a “buy” rating for the company in a report on Friday, November 1st. Robert W. Baird decreased their price objective on Verra Mobility from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Finally, Morgan Stanley cut their target price on shares of 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.

Verra Mobility Price Performance

Verra Mobility stock opened at $25.95 on Friday. 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 company has a fifty day simple moving average of $25.28 and a 200-day simple moving average of $25.70. The stock has a market cap of $4.28 billion, a P/E ratio of 43.25, a price-to-earnings-growth ratio of 2.18 and a beta of 1.24. Verra Mobility Co. has a 12-month low of $20.26 and a 12-month high of $31.03.

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.