QS Investors LLC Has $3.28 Million Holdings in Federal Signal Corporation (FSS)
QS Investors LLC cut its stake in Federal Signal Corporation (NYSE:FSS) by 26.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 188,796 shares of the conglomerate’s stock after selling 66,625 shares during the quarter. QS Investors LLC owned approximately 0.31% of Federal Signal Corporation worth $3,277,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in FSS. IFP Advisors Inc lifted its holdings in Federal Signal Corporation by 12,320.0% in the second quarter. IFP Advisors Inc now owns 6,831 shares of the conglomerate’s stock valued at $119,000 after acquiring an additional 6,776 shares during the period. Pinebridge Investments L.P. lifted its holdings in Federal Signal Corporation by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock valued at $137,000 after acquiring an additional 86 shares during the period. Karp Capital Management Corp acquired a new position in Federal Signal Corporation in the first quarter valued at approximately $162,000. BNP Paribas Arbitrage SA lifted its holdings in Federal Signal Corporation by 7.8% in the first quarter. BNP Paribas Arbitrage SA now owns 12,646 shares of the conglomerate’s stock valued at $175,000 after acquiring an additional 915 shares during the period. Finally, Mason Street Advisors LLC lifted its holdings in Federal Signal Corporation by 6.7% in the first quarter. Mason Street Advisors LLC now owns 13,965 shares of the conglomerate’s stock valued at $193,000 after acquiring an additional 875 shares during the period. 83.71% of the stock is owned by institutional investors.
Federal Signal Corporation (NYSE:FSS) opened at 21.74 on Thursday. Federal Signal Corporation has a one year low of $11.68 and a one year high of $21.94. The firm has a market capitalization of $1.30 billion, a P/E ratio of 33.19 and a beta of 1.38. The firm has a 50-day moving average price of $19.44 and a 200-day moving average price of $17.05.
Federal Signal Corporation (NYSE:FSS) last posted its quarterly earnings data on Tuesday, August 8th. The conglomerate reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Federal Signal Corporation had a return on equity of 10.59% and a net margin of 5.20%. The company had revenue of $224.40 million during the quarter, compared to analysts’ expectations of $206.53 million. During the same period last year, the firm earned $0.17 EPS. The firm’s revenue for the quarter was up 30.2% on a year-over-year basis. Equities analysts anticipate that Federal Signal Corporation will post $0.79 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Stockholders of record on Tuesday, August 15th were issued a $0.07 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.28 annualized dividend and a dividend yield of 1.29%. Federal Signal Corporation’s dividend payout ratio is currently 42.42%.
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A number of brokerages have issued reports on FSS. Zacks Investment Research raised Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Wednesday, September 27th. BidaskClub raised Federal Signal Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Four research analysts have rated the stock with a buy rating, Federal Signal Corporation presently has an average rating of “Buy” and a consensus target price of $21.50.
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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