Perpetual Ltd Acquires 4,160 Shares of Federal Signal Co. (NYSE:FSS)

Perpetual Ltd raised its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 88.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,860 shares of the conglomerate's stock after buying an additional 4,160 shares during the period. Perpetual Ltd's holdings in Federal Signal were worth $819,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its stake in Federal Signal by 338.7% during the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock valued at $13,569,000 after acquiring an additional 112,092 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Federal Signal by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate's stock worth $71,875,000 after purchasing an additional 31,517 shares during the period. First Hawaiian Bank raised its holdings in shares of Federal Signal by 520.7% during the fourth quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate's stock worth $1,640,000 after purchasing an additional 14,891 shares during the period. Quest Partners LLC increased its holdings in shares of Federal Signal by 4,025.9% in the 3rd quarter. Quest Partners LLC now owns 18,608 shares of the conglomerate's stock worth $1,739,000 after acquiring an additional 18,157 shares during the period. Finally, EULAV Asset Management increased its holdings in shares of Federal Signal by 15.3% in the 3rd quarter. EULAV Asset Management now owns 240,803 shares of the conglomerate's stock worth $22,505,000 after acquiring an additional 32,000 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FSS has been the subject of a number of recent research reports. Raymond James reiterated an "outperform" rating and set a $110.00 price objective on shares of Federal Signal in a research report on Tuesday, December 24th. StockNews.com raised Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, December 28th. Finally, DA Davidson lowered their price objective on Federal Signal from $94.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th.

Federal Signal Stock Up 1.9 %

Shares of NYSE FSS traded up $1.90 during mid-day trading on Thursday, reaching $101.13. 142,703 shares of the company traded hands, compared to its average volume of 393,729. The company's fifty day moving average is $95.04 and its two-hundred day moving average is $92.35. Federal Signal Co. has a fifty-two week low of $74.40 and a fifty-two week high of $102.18. The stock has a market cap of $6.18 billion, a PE ratio of 29.29 and a beta of 1.01. 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 posted its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.04. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business's revenue was up 6.2% on a year-over-year basis. On average, analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Company Profile

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.