State Board of Administration of Florida Retirement System Maintains Position in Federal Signal Corporation (FSS)
State Board of Administration of Florida Retirement System maintained its position in Federal Signal Corporation (NYSE:FSS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,463 shares of the conglomerate’s stock at the close of the 2nd quarter. State Board of Administration of Florida Retirement System owned approximately 0.09% of Federal Signal Corporation worth $963,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of FSS. BlackRock Inc. lifted its stake in Federal Signal Corporation by 45,296.2% in the 1st quarter. BlackRock Inc. now owns 7,375,976 shares of the conglomerate’s stock valued at $101,863,000 after buying an additional 7,359,728 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Federal Signal Corporation by 43.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,394,279 shares of the conglomerate’s stock valued at $33,065,000 after buying an additional 721,473 shares in the last quarter. Vanguard Group Inc. lifted its stake in Federal Signal Corporation by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 3,093,986 shares of the conglomerate’s stock valued at $42,728,000 after buying an additional 152,335 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Federal Signal Corporation by 37.0% in the 1st quarter. JPMorgan Chase & Co. now owns 495,635 shares of the conglomerate’s stock valued at $6,845,000 after buying an additional 133,773 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Federal Signal Corporation by 29.0% in the 1st quarter. First Trust Advisors LP now owns 504,610 shares of the conglomerate’s stock valued at $6,969,000 after buying an additional 113,517 shares in the last quarter. 83.71% of the stock is currently owned by hedge funds and other institutional investors.
Federal Signal Corporation (NYSE FSS) opened at 20.29 on Friday. The firm has a 50-day moving average price of $18.67 and a 200 day moving average price of $16.54. The firm has a market capitalization of $1.22 billion, a P/E ratio of 30.98 and a beta of 1.36. Federal Signal Corporation has a one year low of $11.68 and a one year high of $20.60.
Federal Signal Corporation (NYSE:FSS) last posted its quarterly earnings data on Tuesday, August 8th. The conglomerate reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Federal Signal Corporation had a net margin of 5.20% and a return on equity of 10.59%. The firm had revenue of $224.40 million during the quarter, compared to analyst estimates of $206.53 million. During the same quarter last year, the business posted $0.17 EPS. The company’s revenue was up 30.2% on a year-over-year basis. Equities research analysts anticipate that Federal Signal Corporation will post $0.79 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, August 11th. Federal Signal Corporation’s dividend payout ratio is 42.42%.
FSS has been the topic of a number of recent research reports. BidaskClub raised Federal Signal Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Thursday, August 31st. Four analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $21.50.
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Federal Signal Corporation 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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