State Street Corp grew its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 1.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,560,730 shares of the conglomerate’s stock after purchasing an additional 25,703 shares during the quarter. State Street Corp owned approximately 2.60% of Federal Signal Corporation worth $27,095,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. IFP Advisors Inc lifted its stake in shares of Federal Signal Corporation 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 purchasing an additional 6,776 shares during the period. Pinebridge Investments L.P. raised its position in shares of Federal Signal Corporation by 1.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock worth $137,000 after buying an additional 86 shares during the period. State of Alaska Department of Revenue raised its position in shares of Federal Signal Corporation by 79.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 11,807 shares of the conglomerate’s stock worth $204,000 after buying an additional 5,217 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of Federal Signal Corporation in the 2nd quarter worth $205,000. Finally, Municipal Employees Retirement System of Michigan raised its position in shares of Federal Signal Corporation by 3.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 14,080 shares of the conglomerate’s stock worth $244,000 after buying an additional 410 shares during the period. 81.69% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research raised Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Monday, November 6th. Four analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of $22.50.
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In related news, Director Dennis J. Martin sold 45,172 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $21.90, for a total value of $989,266.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 4.20% of the company’s stock.
Federal Signal Corporation (FSS) opened at $20.82 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.37 and a quick ratio of 1.23. The firm has a market capitalization of $1,248.86, a price-to-earnings ratio of 27.04 and a beta of 1.32. Federal Signal Corporation has a 52-week low of $13.07 and a 52-week high of $23.64.
Federal Signal Corporation (NYSE:FSS) last issued its earnings results on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.03. The business had revenue of $249.00 million for the quarter, compared to analyst estimates of $240.30 million. Federal Signal Corporation had a return on equity of 11.39% and a net margin of 5.30%. The business’s quarterly revenue was up 33.4% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. analysts predict that Federal Signal Corporation will post 0.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, November 13th. Federal Signal Corporation’s dividend payout ratio (DPR) is currently 38.36%.
Federal Signal Corporation 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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