South Dakota Investment Council raised its stake in Federal Signal Corporation (NYSE:FSS) by 25.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,710 shares of the conglomerate’s stock after buying an additional 5,810 shares during the period. South Dakota Investment Council’s holdings in Federal Signal Corporation were worth $498,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the business. Wells Fargo & Company MN boosted its position in Federal Signal Corporation by 5.0% in the second quarter. Wells Fargo & Company MN now owns 172,750 shares of the conglomerate’s stock valued at $2,998,000 after buying an additional 8,260 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Federal Signal Corporation by 8.0% during the second quarter. Franklin Resources Inc. now owns 5,279,934 shares of the conglomerate’s stock worth $91,659,000 after purchasing an additional 391,353 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Federal Signal Corporation by 1.0% during the second quarter. Principal Financial Group Inc. now owns 472,350 shares of the conglomerate’s stock worth $8,200,000 after purchasing an additional 4,542 shares during the period. Stanley Laman Group Ltd. lifted its holdings in shares of Federal Signal Corporation by 1.9% during the second quarter. Stanley Laman Group Ltd. now owns 184,556 shares of the conglomerate’s stock worth $3,204,000 after purchasing an additional 3,370 shares during the period. Finally, Deprince Race & Zollo Inc. acquired a new position in shares of Federal Signal Corporation during the second quarter worth $727,000. Hedge funds and other institutional investors own 83.71% of the company’s stock.
Federal Signal Corporation (FSS) opened at 19.98 on Friday. The company’s 50-day moving average is $18.56 and its 200-day moving average is $16.44. Federal Signal Corporation has a 52 week low of $11.68 and a 52 week high of $20.13. The company has a market cap of $1.20 billion, a P/E ratio of 30.50 and a beta of 1.36.
Federal Signal Corporation (NYSE:FSS) last announced its quarterly earnings results on Tuesday, August 8th. The conglomerate reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The business had revenue of $224.40 million during the quarter, compared to analysts’ expectations of $206.53 million. Federal Signal Corporation had a net margin of 5.20% and a return on equity of 10.59%. The firm’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 EPS. On average, analysts anticipate that Federal Signal Corporation will post $0.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 15th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.28 annualized dividend and a yield of 1.40%. Federal Signal Corporation’s payout ratio is currently 42.42%.
FSS has been the topic of a number of recent research reports. BidaskClub upgraded shares of Federal Signal Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded shares of Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Tuesday, May 30th. Four investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of $20.50.
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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