Gamco Investors INC. ET AL Reduces Stake in Federal Signal Corporation (FSS)
Gamco Investors INC. ET AL lowered its stake in shares of Federal Signal Corporation (NYSE:FSS) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 894,591 shares of the conglomerate’s stock after selling 21,500 shares during the period. Gamco Investors INC. ET AL owned approximately 1.49% of Federal Signal Corporation worth $19,037,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System raised its holdings in shares of Federal Signal Corporation by 14.9% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 63,738 shares of the conglomerate’s stock worth $1,356,000 after acquiring an additional 8,275 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Federal Signal Corporation in the 3rd quarter worth about $241,000. First Quadrant L P CA acquired a new stake in shares of Federal Signal Corporation in the 3rd quarter worth about $187,000. Nationwide Fund Advisors raised its holdings in shares of Federal Signal Corporation by 4.4% in the 3rd quarter. Nationwide Fund Advisors now owns 98,419 shares of the conglomerate’s stock worth $2,094,000 after acquiring an additional 4,124 shares during the last quarter. Finally, Shell Asset Management Co. raised its holdings in shares of Federal Signal Corporation by 176.8% in the 3rd quarter. Shell Asset Management Co. now owns 207,370 shares of the conglomerate’s stock worth $2,746,000 after acquiring an additional 132,447 shares during the last quarter. Hedge funds and other institutional investors own 83.55% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Monday. Four analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of $22.50.
In other Federal Signal Corporation news, Director Dennis J. Martin sold 45,172 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $21.90, for a total value of $989,266.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.20% of the company’s stock.
Shares of Federal Signal Corporation (FSS) opened at $20.71 on Friday. Federal Signal Corporation has a fifty-two week low of $13.07 and a fifty-two week high of $23.64. 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 cap of $1,259.66, a PE ratio of 27.27 and a beta of 1.32.
Federal Signal Corporation (NYSE:FSS) last issued its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. Federal Signal Corporation had a net margin of 5.30% and a return on equity of 11.39%. The business had revenue of $249.00 million during the quarter, compared to the consensus estimate of $240.30 million. During the same period in the prior year, the firm posted $0.17 EPS. The firm’s quarterly revenue was up 33.4% compared to the same quarter last year. analysts expect that Federal Signal Corporation will post 0.81 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Monday, November 13th. Federal Signal Corporation’s payout ratio is 38.36%.
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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