Alps Advisors Inc. trimmed its holdings in Federal Signal Co. (NYSE:FSS) by 29.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,078 shares of the conglomerate’s stock after selling 4,635 shares during the quarter. Alps Advisors Inc.’s holdings in Federal Signal were worth $363,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of FSS. WINTON GROUP Ltd grew its position in Federal Signal by 97.9% in the second quarter. WINTON GROUP Ltd now owns 17,594 shares of the conglomerate’s stock worth $471,000 after acquiring an additional 8,703 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Federal Signal by 1.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 23,730 shares of the conglomerate’s stock worth $635,000 after buying an additional 400 shares during the last quarter. New York State Teachers Retirement System lifted its stake in shares of Federal Signal by 7.7% in the second quarter. New York State Teachers Retirement System now owns 119,160 shares of the conglomerate’s stock worth $3,188,000 after buying an additional 8,500 shares during the last quarter. Meridian Wealth Management LLC acquired a new stake in shares of Federal Signal in the second quarter worth $330,000. Finally, Arizona State Retirement System lifted its stake in shares of Federal Signal by 0.8% in the second quarter. Arizona State Retirement System now owns 93,520 shares of the conglomerate’s stock worth $2,502,000 after buying an additional 732 shares during the last quarter. 89.01% of the stock is owned by institutional investors.
FSS has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Federal Signal from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Tuesday, November 5th. ValuEngine cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st.
NYSE:FSS opened at $32.70 on Friday. The stock has a market cap of $2.02 billion, a P/E ratio of 22.87 and a beta of 1.58. Federal Signal Co. has a one year low of $18.59 and a one year high of $35.75. The company has a fifty day moving average price of $32.72 and a 200 day moving average price of $29.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.32 and a quick ratio of 1.17.
Federal Signal (NYSE:FSS) last released its earnings results on Thursday, October 31st. The conglomerate reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The firm had revenue of $308.80 million during the quarter, compared to analysts’ expectations of $309.06 million. Federal Signal had a net margin of 9.37% and a return on equity of 18.45%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.36 EPS. As a group, equities research analysts anticipate that Federal Signal Co. will post 1.74 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Tuesday, November 12th. Federal Signal’s payout ratio is currently 22.38%.
About Federal Signal
Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.
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