Swiss National Bank Has $1,766,000 Stake in Federal Signal Corporation (FSS)
Swiss National Bank continued to hold its position in shares of Federal Signal Corporation (NYSE:FSS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,700 shares of the conglomerate’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.17% of Federal Signal Corporation worth $1,766,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its stake in shares of Federal Signal Corporation by 12,320.0% during the 2nd quarter. IFP Advisors Inc now owns 6,831 shares of the conglomerate’s stock worth $119,000 after buying an additional 6,776 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Federal Signal Corporation during the 1st quarter worth $162,000. BNP Paribas Arbitrage SA raised its stake in shares of Federal Signal Corporation by 7.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 12,646 shares of the conglomerate’s stock worth $175,000 after buying an additional 915 shares during the last quarter. Mason Street Advisors LLC raised its stake in shares of Federal Signal Corporation by 6.7% during the 1st quarter. Mason Street Advisors LLC now owns 13,965 shares of the conglomerate’s stock worth $193,000 after buying an additional 875 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Federal Signal Corporation by 79.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 11,807 shares of the conglomerate’s stock worth $204,000 after buying an additional 5,217 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.
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Federal Signal Corporation (FSS) opened at 21.58 on Friday. The firm has a market cap of $1.29 billion, a P/E ratio of 32.95 and a beta of 1.38. Federal Signal Corporation has a 1-year low of $11.68 and a 1-year high of $21.94. The stock’s 50 day moving average price is $19.62 and its 200 day moving average price is $17.13.
Federal Signal Corporation (NYSE:FSS) last announced its quarterly earnings data on Tuesday, August 8th. The conglomerate reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The business had revenue of $224.40 million during the quarter, compared to analyst estimates of $206.53 million. Federal Signal Corporation had a return on equity of 10.59% and a net margin of 5.20%. The company’s revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Equities research analysts predict that Federal Signal Corporation will post $0.79 EPS for the current year.
FSS has been the subject of several research reports. BidaskClub raised Federal Signal Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Thursday, August 10th. Four research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and a consensus target price of $21.50.
About Federal Signal Corporation
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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