Great West Life Assurance Co. Can trimmed its position in shares of Federal Signal Co. (NYSE:FSS) by 6.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,220 shares of the conglomerate’s stock after selling 5,844 shares during the quarter. Great West Life Assurance Co. Can owned 0.13% of Federal Signal worth $1,694,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in FSS. IFP Advisors Inc raised its position in shares of Federal Signal by 12,320.0% during the 2nd quarter. IFP Advisors Inc now owns 6,831 shares of the conglomerate’s stock worth $119,000 after acquiring an additional 6,776 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Federal Signal during the 3rd quarter worth about $120,000. Pinebridge Investments L.P. raised its position in shares of Federal Signal by 1.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock worth $137,000 after acquiring an additional 86 shares in the last quarter. First Quadrant L P CA acquired a new stake in shares of Federal Signal during the 3rd quarter worth about $187,000. Finally, SG Americas Securities LLC acquired a new position in Federal Signal during the third quarter worth approximately $212,000. Institutional investors own 84.10% of the company’s stock.
Federal Signal Co. (FSS) traded up $0.64 during trading on Thursday, reaching $19.69. The company had a trading volume of 258,963 shares, compared to its average volume of 188,983. The firm has a market capitalization of $1,180.00, a price-to-earnings ratio of 27.35 and a beta of 1.33. Federal Signal Co. has a 52-week low of $13.07 and a 52-week high of $23.64. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.37 and a quick ratio of 1.23.
Federal Signal (NYSE:FSS) last issued its earnings results on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.03. The company had revenue of $249.00 million during the quarter, compared to the consensus estimate of $240.30 million. Federal Signal had a return on equity of 11.39% and a net margin of 5.30%. The company’s revenue was up 33.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 earnings per share. equities research analysts forecast that Federal Signal Co. will post 0.81 EPS for the current fiscal year.
FSS has been the topic of several analyst reports. Zacks Investment Research downgraded Federal Signal from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. ValuEngine downgraded Federal Signal from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $22.50.
In other Federal Signal news, Director Brenda Reichelderfer sold 8,279 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $20.76, for a total transaction of $171,872.04. Following the sale, the director now owns 69,388 shares in the company, valued at $1,440,494.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dennis J. Martin sold 45,172 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $21.90, for a total value of $989,266.80. The disclosure for this sale can be found here. Insiders sold 110,172 shares of company stock valued at $2,338,207 in the last three months. 4.20% of the stock is currently owned by company insiders.
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Federal Signal Company Profile
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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