Federal Signal Co. (NYSE:FSS) Position Boosted by AlphaCrest Capital Management LLC

AlphaCrest Capital Management LLC raised its holdings in shares of Federal Signal Co. (NYSE:FSS) by 24.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,700 shares of the conglomerate’s stock after acquiring an additional 2,700 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Federal Signal were worth $551,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Advisor Group Holdings Inc. grew its stake in shares of Federal Signal by 5.8% in the 2nd quarter. Advisor Group Holdings Inc. now owns 5,250 shares of the conglomerate’s stock valued at $212,000 after buying an additional 289 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Federal Signal by 1.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 24,729 shares of the conglomerate’s stock worth $947,000 after purchasing an additional 322 shares during the period. UBS Asset Management Americas Inc. boosted its position in Federal Signal by 0.7% during the first quarter. UBS Asset Management Americas Inc. now owns 73,003 shares of the conglomerate’s stock worth $2,796,000 after purchasing an additional 489 shares during the period. Park Avenue Securities LLC boosted its position in Federal Signal by 7.3% during the second quarter. Park Avenue Securities LLC now owns 8,282 shares of the conglomerate’s stock worth $333,000 after purchasing an additional 566 shares during the period. Finally, Bank of Montreal Can boosted its position in Federal Signal by 4.1% during the first quarter. Bank of Montreal Can now owns 20,170 shares of the conglomerate’s stock worth $794,000 after purchasing an additional 788 shares during the period. 89.65% of the stock is currently owned by institutional investors.

Shares of NYSE FSS opened at $40.66 on Thursday. The business has a fifty day simple moving average of $39.73 and a 200 day simple moving average of $40.19. The company has a current ratio of 2.51, a quick ratio of 1.31 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 1.39 and a beta of 1.06. Federal Signal Co. has a one year low of $28.03 and a one year high of $43.77.

Federal Signal (NYSE:FSS) last issued its earnings results on Thursday, July 29th. The conglomerate reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The business had revenue of $334.70 million during the quarter, compared to analyst estimates of $304.60 million. Federal Signal had a return on equity of 15.02% and a net margin of 8.69%. On average, research analysts anticipate that Federal Signal Co. will post 1.87 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Investors of record on Friday, August 20th were paid a $0.09 dividend. The ex-dividend date was Thursday, August 19th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.89%. Federal Signal’s payout ratio is 21.56%.

FSS has been the subject of a number of recent analyst reports. Zacks Investment Research cut Federal Signal from a “buy” rating to a “hold” rating in a research report on Friday, September 3rd. KeyCorp cut their price target on Federal Signal from $48.00 to $44.00 and set an “overweight” rating for the company in a report on Monday, September 27th. Colliers Securities reiterated a “buy” rating on shares of Federal Signal in a report on Thursday, July 1st. Finally, Sidoti upgraded Federal Signal from a “neutral” rating to a “buy” rating and upped their price target for the stock from $44.00 to $50.00 in a report on Thursday, September 2nd. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $46.75.

Federal Signal Profile

Federal Signal Corp. engages in the designed manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment involves in the manufacture and supply of street sweeper vehicles, sewer cleaner, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.

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

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