State of New Jersey Common Pension Fund D Has $2.91 Million Holdings in Verra Mobility Co. (NASDAQ:VRRM)

State of New Jersey Common Pension Fund D lowered its position in shares of Verra Mobility Co. (NASDAQ:VRRM) by 7.1% during the fourth quarter, Holdings Channel reports. The fund owned 126,198 shares of the company’s stock after selling 9,697 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Verra Mobility were worth $2,906,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Meritage Portfolio Management raised its holdings in shares of Verra Mobility by 5.6% during the fourth quarter. Meritage Portfolio Management now owns 30,399 shares of the company’s stock valued at $700,000 after acquiring an additional 1,605 shares during the period. GAMMA Investing LLC acquired a new stake in shares of Verra Mobility during the fourth quarter valued at approximately $65,000. Illinois Municipal Retirement Fund raised its holdings in shares of Verra Mobility by 18.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 95,309 shares of the company’s stock valued at $2,195,000 after acquiring an additional 14,854 shares during the period. Jennison Associates LLC acquired a new stake in shares of Verra Mobility during the fourth quarter valued at approximately $643,000. Finally, OLD National Bancorp IN acquired a new stake in shares of Verra Mobility during the fourth quarter valued at approximately $234,000.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley boosted their price target on shares of Verra Mobility from $19.00 to $20.00 and gave the company an “equal weight” rating in a report on Tuesday, February 27th.

Verra Mobility Stock Down 0.1 %

Verra Mobility stock opened at $24.23 on Monday. The firm has a market cap of $4.02 billion, a PE ratio of 67.31, a P/E/G ratio of 1.82 and a beta of 1.17. The company has a debt-to-equity ratio of 2.44, a quick ratio of 1.96 and a current ratio of 2.05. The firm’s 50 day moving average price is $23.56 and its two-hundred day moving average price is $22.17. Verra Mobility Co. has a twelve month low of $16.22 and a twelve month high of $25.57.

Verra Mobility (NASDAQ:VRRM) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.02). Verra Mobility had a net margin of 6.98% and a return on equity of 41.86%. The company had revenue of $211.01 million during the quarter, compared to analyst estimates of $201.76 million. On average, research analysts predict that Verra Mobility Co. will post 1.07 EPS for the current fiscal year.

Insider Transactions at Verra Mobility

In other news, insider Jonathan Keyser sold 7,789 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $22.41, for a total transaction of $174,551.49. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director John H. Rexford sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $22.82, for a total transaction of $228,200.00. Following the completion of the sale, the director now owns 41,275 shares in the company, valued at approximately $941,895.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jonathan Keyser sold 7,789 shares of Verra Mobility stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $22.41, for a total value of $174,551.49. The disclosure for this sale can be found here. 0.96% of the stock is currently owned by company insiders.

Verra Mobility 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.