Mutual of America Capital Management LLC Acquires 34,404 Shares of Verra Mobility Co. (NASDAQ:VRRM)

Mutual of America Capital Management LLC increased its stake in shares of Verra Mobility Co. (NASDAQ:VRRM - Free Report) by 125.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 61,775 shares of the company's stock after acquiring an additional 34,404 shares during the period. Mutual of America Capital Management LLC's holdings in Verra Mobility were worth $1,718,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. raised its position in shares of Verra Mobility by 1.5% in the second quarter. Crossmark Global Holdings Inc. now owns 27,283 shares of the company's stock valued at $742,000 after purchasing an additional 391 shares during the period. US Bancorp DE lifted its position in Verra Mobility by 10.3% during the 3rd quarter. US Bancorp DE now owns 4,478 shares of the company's stock worth $125,000 after acquiring an additional 418 shares during the last quarter. Signaturefd LLC boosted its holdings in Verra Mobility by 112.4% during the third quarter. Signaturefd LLC now owns 1,060 shares of the company's stock valued at $29,000 after acquiring an additional 561 shares during the period. Blue Trust Inc. grew its position in shares of Verra Mobility by 27.5% in the third quarter. Blue Trust Inc. now owns 3,219 shares of the company's stock valued at $88,000 after purchasing an additional 694 shares during the last quarter. Finally, Sage Rhino Capital LLC increased its stake in shares of Verra Mobility by 3.3% in the second quarter. Sage Rhino Capital LLC now owns 24,548 shares of the company's stock worth $668,000 after purchasing an additional 793 shares during the period.

Analyst Ratings Changes

Several analysts recently weighed in on the company. 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 research note on Friday, November 1st. 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. Finally, Morgan Stanley reduced their price target on shares of 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 Stock Performance

Shares of VRRM stock traded up $0.35 during mid-day trading on Monday, reaching $23.99. The stock had a trading volume of 1,160,372 shares, compared to its average volume of 1,095,363. Verra Mobility Co. has a one year low of $19.67 and a one year high of $31.03. The firm has a market cap of $3.95 billion, a PE ratio of 39.40, a P/E/G ratio of 2.11 and a beta of 1.27. The firm's 50 day simple moving average is $25.87 and its 200 day simple moving average is $27.00. The company has a quick ratio of 2.52, a current ratio of 2.61 and a debt-to-equity ratio of 2.13.

Verra Mobility (NASDAQ:VRRM - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. Verra Mobility had a return on equity of 38.97% and a net margin of 11.64%. The firm had revenue of $225.55 million during the quarter, compared to analysts' expectations of $226.65 million. During the same period last year, the business earned $0.27 earnings per share. Verra Mobility's quarterly revenue was up 7.4% compared to the same quarter last year. On average, analysts forecast that Verra Mobility Co. will post 1.08 EPS for the current year.

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.