Vanguard Group Inc. Has $42.73 Million Position in Federal Signal Corporation (NYSE:FSS)
Vanguard Group Inc. boosted its position in shares of Federal Signal Corporation (NYSE:FSS) by 5.2% during the first quarter, Holdings Channel reports. The institutional investor owned 3,093,986 shares of the conglomerate’s stock after buying an additional 152,335 shares during the period. Vanguard Group Inc. owned about 0.05% of Federal Signal Corporation worth $42,728,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. Teza Capital Management LLC purchased a new stake in Federal Signal Corporation during the first quarter worth approximately $204,000. UBS Asset Management Americas Inc. raised its stake in Federal Signal Corporation by 54.8% in the first quarter. UBS Asset Management Americas Inc. now owns 31,743 shares of the conglomerate’s stock worth $438,000 after buying an additional 11,243 shares in the last quarter. Comerica Bank raised its stake in Federal Signal Corporation by 3.4% in the first quarter. Comerica Bank now owns 66,010 shares of the conglomerate’s stock worth $1,015,000 after buying an additional 2,151 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Federal Signal Corporation by 7.8% in the first quarter. BNP Paribas Arbitrage SA now owns 12,646 shares of the conglomerate’s stock worth $175,000 after buying an additional 915 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Federal Signal Corporation by 29.0% in the first quarter. First Trust Advisors LP now owns 504,610 shares of the conglomerate’s stock worth $6,969,000 after buying an additional 113,517 shares in the last quarter. 83.15% of the stock is owned by institutional investors.
Shares of Federal Signal Corporation (NYSE FSS) traded up 0.27% during trading on Friday, hitting $18.29. The stock had a trading volume of 377,347 shares. Federal Signal Corporation has a 1-year low of $11.68 and a 1-year high of $20.13. The firm has a 50 day moving average of $17.96 and a 200 day moving average of $15.91. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 27.92 and a beta of 1.37.
Federal Signal Corporation (NYSE:FSS) last released its quarterly earnings data on Tuesday, August 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 Corporation had a return on equity of 10.59% and a net margin of 5.20%. The business had revenue of $224.40 million for the quarter, compared to analysts’ expectations of $206.53 million. During the same quarter in the previous year, the business posted $0.17 EPS. Federal Signal Corporation’s revenue for the quarter was up 30.2% on a year-over-year basis. Analysts expect that Federal Signal Corporation will post $0.79 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.53%. The ex-dividend date is Friday, August 11th. Federal Signal Corporation’s payout ratio is 42.42%.
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A number of equities analysts have recently weighed in on FSS shares. Zacks Investment Research downgraded Federal Signal Corporation from a “strong-buy” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub upgraded Federal Signal Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, KeyCorp upgraded Federal Signal Corporation from a “sector weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Tuesday, May 9th. Four analysts have rated the stock with a buy rating, Federal Signal Corporation currently has an average rating of “Buy” and an average price target of $20.50.
In other Federal Signal Corporation news, VP Samuel Miceli sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $16.05, for a total value of $32,100.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul W. Jones sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $15.96, for a total value of $798,000.00. Following the completion of the sale, the director now owns 72,901 shares in the company, valued at approximately $1,163,499.96. The disclosure for this sale can be found here. Insiders sold a total of 52,900 shares of company stock worth $844,662 in the last 90 days. Company insiders own 4.20% of the company’s stock.
About Federal Signal Corporation
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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