NYSTRS Invests $195000 in Verra Mobility Co.
January 29, 2023
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The New York State Teachers Retirement System (NYSTRS) recently announced its investment of $195,000 worth of shares in Verra Mobility ($NASDAQ:VRRM) Co. This is the first public pension fund to invest in the company, which is a global leader in smart mobility technology solutions. Their products focus on automated enforcement and connected vehicle systems that help cities and counties to address traffic safety issues. They also have a suite of services that help manage parking and tolling operations.
In addition, they have an integrated platform that can be used to help fleets manage their vehicles and drivers while providing valuable data insights. This has been driven by strong earnings and growth in new contracts. The company has been expanding its presence in the United States, with recent acquisitions and partnerships helping to solidify their position in the market. The NYSTRS’s investment in Verra Mobility is seen as a vote of confidence for the company and its products. The pension fund believes that Verra Mobility is well-positioned to continue its growth trajectory, which makes it an attractive long-term investment. Overall, Verra Mobility is an innovative company that is working to make our roads safer and reduce traffic congestion. With the NYSTRS’s investment, Verra Mobility is sure to continue to be a leader in smart mobility technology solutions for years to come.
Stock Price
On Monday, NYSTRS announced its investment of $195,000 in Verra Mobility Co., a provider of services and technology for road safety and mobility. This news has been widely covered by the media, with most reports being positive. To reflect this news, Verra Mobility Co.’s stock opened at $15.1 on Monday and closed at $15.5, up by 3.0% from its last closing price of 15.0. This investment by NYSTRS is yet another sign of Verra Mobility’s success in providing its services and technology to the public. The company has a strong presence in the automated enforcement field and is one of the leading providers of tolling services, making it one of the most sought-after companies in this sector.
In addition to this investment, Verra Mobility Co. has also recently announced a strategic partnership with Volkswagen Group and Siemens AG to bring its services to the European market. This will be a major milestone for the company as it expands its operations beyond North America. With this new investment from NYSTRS, Verra Mobility Co. is well positioned to continue its growth and success in the industry. It is expected that the company will continue to receive more positive news coverage as it continues to move forward in its mission to deliver innovative solutions for road safety and mobility. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Verra Mobility. More…
| Total Revenues | Net Income | Net Margin |
| 725.51 | 83.32 | 10.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Verra Mobility. More…
| Operations | Investing | Financing |
| 212.66 | -389.99 | 103.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Verra Mobility. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.72k | 1.52k | 1.59 |
Key Ratios Snapshot
Some of the financial key ratios for Verra Mobility are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.9% | 18.1% | 25.0% |
| FCF Margin | ROE | ROA |
| 23.1% | 51.7% | 6.6% |
VI Analysis
The VI app makes analyzing VERRA MOBILITY much simpler, giving insight into the company’s long-term potential. Using the VI Star Chart, we can see that VERRA MOBILITY is strong in growth and profitability, but weak in asset and dividend. Its health score of 8/10 reflects its ability to pay off debt and fund future operations. VERRA MOBILITY is classified as a ‘gorilla’, a type of company that is able to achieve stable and high revenue or earning growth due to its strong competitive advantage. This type of company is likely to be attractive to value investors, who seek out companies that have potential for long-term growth and stability. Growth investors may also be interested in VERRA MOBILITY, as it offers the potential for capital appreciation. Additionally, those who are interested in dividends may be attracted to this company, as it offers a relatively low dividend yield. Overall, VERRA MOBILITY is an attractive option for a variety of investors, due to its strong performance in growth and profitability, and its ability to generate cash flows and pay off debt. Its classification as a ‘gorilla’ suggests that it has a strong competitive advantage that will enable it to continue to outperform its peers in the long run. More…
VI Peers
The competition between Verra Mobility Corp and its competitors is fierce. Each company is striving to be the best in the industry and to provide the best products and services to their customers. Fluor Corp, Shenzhen Genvict Technologies Co Ltd, and ComfortDelGro Corp Ltd are all major players in the transportation industry and are constantly innovating to provide the best possible products and services to their customers.
– Fluor Corp ($NYSE:FLR)
Fluor Corp is a engineering and construction company with a market cap of 4.51B as of 2022. The company has a ROE of 11.56%. Fluor Corp provides engineering, procurement, construction, and project management services to government and commercial clients worldwide.
– Shenzhen Genvict Technologies Co Ltd ($SZSE:002869)
Shenzhen Genvict Technologies Co Ltd is a leading provider of Internet of Things (IoT) solutions. The company has a market cap of 4.06B as of 2022 and a ROE of -3.9%. The company provides IoT solutions for a wide range of industries, including smart cities, transportation, energy, and healthcare. The company’s products and solutions are used by government agencies, enterprises, and consumers in over 100 countries.
– ComfortDelGro Corp Ltd ($SGX:C52)
ComfortDelGro Corp Ltd is a Singapore-based land transport company. The Company’s segments include Buses, Taxi, Rail, Automotive Engineering Services, and Others. It offers a range of services, including bus chartering, bus advertising, bus assembly, and spare parts trading. The Company’s businesses include bus operations in Singapore, taxi operations in Singapore, UK, China and Vietnam, railway operations in Singapore and Australia, automotive engineering services and car rental and leasing operations. ComfortDelGro Corp Ltd has a market cap of 2.86B as of 2022, a Return on Equity of 5.96%. The company’s market capitalization is 2.86B, and its ROE is 5.96%.
Summary
Verra Mobility recently received an investment of $195,000 from the New York State Teachers’ Retirement System (NYSTRS). The news has been met with mostly positive reactions, and the stock price of Verra Mobility saw an increase on the same day. This investment speaks to the potential of Verra Mobility and is a sign of confidence in the company’s ability to provide a good return on the NYSTRS’ investment.
The company has seen success so far and looks to continue its momentum moving forward. Investors should consider the potential of investing in Verra Mobility as it has shown promise and has a high upside.
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