Alps Advisors Inc. purchased a new stake in shares of Federal Signal Co. (NYSE:FSS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,227 shares of the conglomerate’s stock, valued at approximately $467,000.
A number of other large investors have also made changes to their positions in FSS. Millennium Management LLC increased its holdings in Federal Signal by 172.9% during the 4th quarter. Millennium Management LLC now owns 565,139 shares of the conglomerate’s stock valued at $11,354,000 after purchasing an additional 358,080 shares during the period. WINTON GROUP Ltd bought a new stake in Federal Signal during the 4th quarter valued at approximately $5,680,000. Renaissance Technologies LLC boosted its position in Federal Signal by 196.9% during the 4th quarter. Renaissance Technologies LLC now owns 345,300 shares of the conglomerate’s stock valued at $6,937,000 after acquiring an additional 229,000 shares in the last quarter. Brown Advisory Inc. boosted its position in Federal Signal by 18.0% during the 4th quarter. Brown Advisory Inc. now owns 1,477,758 shares of the conglomerate’s stock valued at $29,689,000 after acquiring an additional 225,288 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Federal Signal by 2.8% during the 4th quarter. BlackRock Inc. now owns 7,530,909 shares of the conglomerate’s stock valued at $151,296,000 after acquiring an additional 206,616 shares in the last quarter. Institutional investors own 89.92% of the company’s stock.
Federal Signal opened at $23.14 on Tuesday, MarketBeat reports. The company has a current ratio of 2.45, a quick ratio of 1.28 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 27.22 and a beta of 1.16. Federal Signal Co. has a fifty-two week low of $23.05 and a fifty-two week high of $23.32.
Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Tuesday, May 8th. The conglomerate reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Federal Signal had a return on equity of 12.83% and a net margin of 6.93%. The business had revenue of $249.70 million for the quarter, compared to analysts’ expectations of $239.80 million. During the same period in the previous year, the firm posted $0.14 EPS. The business’s revenue was up 40.4% on a year-over-year basis. analysts forecast that Federal Signal Co. will post 1.2 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 29th. Stockholders of record on Tuesday, May 15th will be given a $0.08 dividend. This is a boost from Federal Signal’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, May 14th. Federal Signal’s payout ratio is currently 32.94%.
Several analysts have weighed in on the company. Seaport Global Securities reaffirmed a “buy” rating on shares of Federal Signal in a research report on Thursday, March 1st. Zacks Investment Research cut Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. ValuEngine raised Federal Signal from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Finally, Sidoti assumed coverage on Federal Signal in a research report on Tuesday, February 20th. They set a “neutral” rating on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $26.00.
Federal Signal Company Profile
Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.
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