First Trust Advisors LP cut its holdings in Federal Signal Corporation (NYSE:FSS) by 77.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 112,153 shares of the conglomerate’s stock after selling 392,457 shares during the period. First Trust Advisors LP owned 0.19% of Federal Signal Corporation worth $1,947,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of FSS. BlackRock Inc. increased its stake in shares of Federal Signal Corporation by 45,296.2% in the first quarter. BlackRock Inc. now owns 7,375,976 shares of the conglomerate’s stock worth $101,863,000 after purchasing an additional 7,359,728 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Federal Signal Corporation by 43.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,394,279 shares of the conglomerate’s stock worth $33,065,000 after purchasing an additional 721,473 shares during the period. Vanguard Group Inc. increased its stake in shares of Federal Signal Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 3,093,986 shares of the conglomerate’s stock worth $42,728,000 after purchasing an additional 152,335 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Federal Signal Corporation by 37.0% in the first quarter. JPMorgan Chase & Co. now owns 495,635 shares of the conglomerate’s stock worth $6,845,000 after purchasing an additional 133,773 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Federal Signal Corporation by 23.5% in the first quarter. Bank of America Corp DE now owns 287,857 shares of the conglomerate’s stock worth $3,975,000 after purchasing an additional 54,747 shares during the period. Institutional investors and hedge funds own 83.71% of the company’s stock.

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A number of research firms have recently commented on FSS. Zacks Investment Research lowered Federal Signal Corporation from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. BidaskClub upgraded Federal Signal Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Four analysts have rated the stock with a buy rating, Federal Signal Corporation currently has a consensus rating of “Buy” and a consensus price target of $20.50.

Federal Signal Corporation (NYSE:FSS) opened at 18.44 on Tuesday. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 28.15 and a beta of 1.36. The stock has a 50 day moving average price of $18.44 and a 200-day moving average price of $16.33. Federal Signal Corporation has a 1-year low of $11.68 and a 1-year high of $20.13.

Federal Signal Corporation (NYSE:FSS) last issued its earnings results on Tuesday, August 8th. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $224.40 million during the quarter, compared to the consensus estimate of $206.53 million. During the same period last year, the business posted $0.17 EPS. Federal Signal Corporation’s revenue was up 30.2% on a year-over-year basis. Equities analysts predict that Federal Signal Corporation will post $0.79 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th were paid a $0.07 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.28 annualized dividend and a yield of 1.52%. Federal Signal Corporation’s dividend payout ratio (DPR) is currently 42.42%.

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.

Institutional Ownership by Quarter for Federal Signal Corporation (NYSE:FSS)

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