Mutual of America Capital Management LLC Trims Stake in Verra Mobility Co. (NASDAQ:VRRM)

Mutual of America Capital Management LLC trimmed its position in shares of Verra Mobility Co. (NASDAQ:VRRM) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,109 shares of the company’s stock after selling 627 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Verra Mobility were worth $670,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in VRRM. Vanguard Group Inc. boosted its stake in shares of Verra Mobility by 16.4% during the 3rd quarter. Vanguard Group Inc. now owns 17,409,355 shares of the company’s stock worth $325,555,000 after acquiring an additional 2,447,297 shares in the last quarter. American Century Companies Inc. grew its holdings in Verra Mobility by 1,439.4% in the third quarter. American Century Companies Inc. now owns 1,707,090 shares of the company’s stock valued at $31,923,000 after purchasing an additional 1,596,194 shares during the period. Principal Financial Group Inc. increased its position in shares of Verra Mobility by 167.2% in the third quarter. Principal Financial Group Inc. now owns 2,201,277 shares of the company’s stock valued at $41,164,000 after buying an additional 1,377,421 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Verra Mobility by 12.9% during the 3rd quarter. Mackenzie Financial Corp now owns 7,136,476 shares of the company’s stock worth $133,523,000 after buying an additional 812,723 shares during the period. Finally, Schwartz Investment Counsel Inc. lifted its position in shares of Verra Mobility by 156.9% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 1,310,000 shares of the company’s stock valued at $24,497,000 after buying an additional 800,000 shares in the last quarter.

Verra Mobility Stock Performance

Shares of NASDAQ:VRRM opened at $23.88 on Tuesday. The business’s 50 day moving average price is $23.41 and its 200-day moving average price is $22.03. The company has a debt-to-equity ratio of 2.44, a current ratio of 2.05 and a quick ratio of 1.96. The firm has a market capitalization of $3.96 billion, a PE ratio of 66.34, a P/E/G ratio of 1.76 and a beta of 1.17. Verra Mobility Co. has a 1 year low of $16.22 and a 1 year high of $25.57.

Verra Mobility (NASDAQ:VRRM) last released its earnings results on Thursday, February 29th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The business had revenue of $211.01 million for the quarter, compared to analysts’ expectations of $201.76 million. Verra Mobility had a return on equity of 41.86% and a net margin of 6.98%. As a group, equities research analysts expect that Verra Mobility Co. will post 1.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley increased their price objective 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.

Insiders Place Their Bets

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 value of $228,200.00. Following the completion of the sale, the director now owns 41,275 shares of the company’s stock, valued at $941,895.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Verra Mobility news, Director John H. Rexford sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $22.82, for a total value of $228,200.00. Following the completion of the sale, the director now directly owns 41,275 shares of the company’s stock, valued at approximately $941,895.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan Keyser sold 7,789 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $22.41, for a total transaction of $174,551.49. The disclosure for this sale can be found here. Corporate insiders own 0.96% of the company’s stock.

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.