First Quadrant L P CA Invests $187,000 in Federal Signal Corporation (FSS) Stock
First Quadrant L P CA purchased a new position in shares of Federal Signal Corporation (NYSE:FSS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,781 shares of the conglomerate’s stock, valued at approximately $187,000.
A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. boosted its position in Federal Signal Corporation by 45,296.2% during the 1st quarter. BlackRock Inc. now owns 7,375,976 shares of the conglomerate’s stock worth $101,863,000 after acquiring an additional 7,359,728 shares during the period. Franklin Resources Inc. boosted its position in Federal Signal Corporation by 8.0% during the 2nd quarter. Franklin Resources Inc. now owns 5,279,934 shares of the conglomerate’s stock worth $91,659,000 after acquiring an additional 391,353 shares during the period. Vanguard Group Inc. boosted its position in Federal Signal Corporation by 3.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,197,214 shares of the conglomerate’s stock worth $55,503,000 after acquiring an additional 103,228 shares during the period. Goldman Sachs Group Inc. boosted its position in Federal Signal Corporation by 5.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,517,979 shares of the conglomerate’s stock worth $43,712,000 after acquiring an additional 123,700 shares during the period. Finally, FMR LLC boosted its position in Federal Signal Corporation by 104.4% during the 2nd quarter. FMR LLC now owns 1,591,319 shares of the conglomerate’s stock worth $27,625,000 after acquiring an additional 812,669 shares during the period. Institutional investors own 83.55% of the company’s stock.
A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Thursday, August 24th. BidaskClub upgraded Federal Signal Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Four investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of $22.50.
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Shares of Federal Signal Corporation (NYSE FSS) opened at $21.23 on Wednesday. The company has a quick ratio of 1.23, a current ratio of 2.37 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $1,302.85, a price-to-earnings ratio of 28.21 and a beta of 1.32. Federal Signal Corporation has a twelve month low of $12.10 and a twelve month high of $23.64.
Federal Signal Corporation (NYSE:FSS) last announced its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.03. Federal Signal Corporation had a return on equity of 11.39% and a net margin of 5.30%. The business had revenue of $249.00 million during the quarter, compared to analyst estimates of $240.30 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. The company’s revenue was up 33.4% on a year-over-year basis. analysts forecast that Federal Signal Corporation will post 0.81 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Monday, November 13th. Federal Signal Corporation’s dividend payout ratio is 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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