Arizona State Retirement System boosted its stake in Federal Signal Co. (NYSE:FSS) by 223.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,817 shares of the conglomerate’s stock after buying an additional 69,685 shares during the period. Arizona State Retirement System owned 0.17% of Federal Signal worth $2,025,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of FSS. Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in Federal Signal in the 4th quarter worth approximately $502,000. State Board of Administration of Florida Retirement System grew its position in Federal Signal by 14.9% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 63,738 shares of the conglomerate’s stock worth $1,356,000 after purchasing an additional 8,275 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Federal Signal by 1.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 329,072 shares of the conglomerate’s stock worth $7,004,000 after acquiring an additional 5,260 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in shares of Federal Signal by 84.6% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 21,825 shares of the conglomerate’s stock worth $464,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Pinebridge Investments L.P. boosted its stake in shares of Federal Signal by 79.2% during the 4th quarter. Pinebridge Investments L.P. now owns 113,095 shares of the conglomerate’s stock worth $2,272,000 after acquiring an additional 49,974 shares during the last quarter. Institutional investors and hedge funds own 87.64% of the company’s stock.
Several research analysts have recently weighed in on FSS shares. ValuEngine cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Sidoti began coverage on shares of Federal Signal in a research note on Tuesday, February 20th. They set a “neutral” rating on the stock. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Federal Signal in a research note on Thursday, March 1st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $21.00.
Shares of Federal Signal Co. (NYSE FSS) traded up $0.59 during mid-day trading on Friday, reaching $22.78. 509,041 shares of the company’s stock were exchanged, compared to its average volume of 282,847. Federal Signal Co. has a twelve month low of $13.07 and a twelve month high of $23.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.59 and a quick ratio of 1.42. The company has a market cap of $1,366.80, a P/E ratio of 22.33 and a beta of 1.18.
Federal Signal (NYSE:FSS) last posted its earnings results on Wednesday, February 28th. The conglomerate reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. Federal Signal had a net margin of 6.86% and a return on equity of 12.07%. The company had revenue of $247.60 million during the quarter, compared to analysts’ expectations of $228.90 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. Federal Signal’s revenue for the quarter was up 40.6% compared to the same quarter last year. analysts expect that Federal Signal Co. will post 1.17 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Monday, March 5th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 1.23%. Federal Signal’s payout ratio is 27.45%.
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Federal Signal 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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