State Street Corp grew its stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,293,775 shares of the conglomerate's stock after purchasing an additional 25,080 shares during the period. State Street Corp owned approximately 3.75% of Federal Signal worth $214,376,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Federal Signal in the 3rd quarter valued at $29,000. Quarry LP boosted its position in shares of Federal Signal by 73.5% during the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate's stock valued at $40,000 after purchasing an additional 183 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Federal Signal during the second quarter valued at $62,000. Millburn Ridgefield Corp acquired a new position in Federal Signal in the 3rd quarter valued at approximately $70,000. Finally, Canada Pension Plan Investment Board acquired a new position in Federal Signal in the 2nd quarter worth about $84,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, DA Davidson lowered their price target on Federal Signal from $94.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th.
Check Out Our Latest Report on FSS
Federal Signal Stock Performance
Shares of FSS stock traded up $0.26 on Thursday, hitting $97.63. The company's stock had a trading volume of 109,896 shares, compared to its average volume of 354,904. Federal Signal Co. has a fifty-two week low of $71.29 and a fifty-two week high of $102.18. The stock's 50 day moving average is $91.49 and its 200-day moving average is $90.41. The company has a market capitalization of $5.97 billion, a PE ratio of 28.22 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.
Federal Signal (NYSE:FSS - Get Free Report) last issued its earnings results on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.04. The business had revenue of $474.20 million during the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm's revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. Equities research analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.
Federal Signal Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.49%. Federal Signal's dividend payout ratio (DPR) is 13.91%.
Federal Signal Company Profile
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Free Report)
Federal Signal Corp. engages in the design and 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 is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.
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