Teton Advisors Inc. Has $15.49 Million Holdings in Federal Signal Corporation (FSS)
Teton Advisors Inc. decreased its position in Federal Signal Corporation (NYSE:FSS) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 728,000 shares of the conglomerate’s stock after selling 12,000 shares during the quarter. Federal Signal Corporation accounts for about 1.4% of Teton Advisors Inc.’s investment portfolio, making the stock its 8th largest holding. Teton Advisors Inc. owned approximately 1.21% of Federal Signal Corporation worth $15,492,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of FSS. Schwab Charles Investment Management Inc. boosted its stake in shares of Federal Signal Corporation by 16.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 388,019 shares of the conglomerate’s stock valued at $6,737,000 after buying an additional 53,602 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Federal Signal Corporation by 0.7% during the 1st quarter. Legal & General Group Plc now owns 106,247 shares of the conglomerate’s stock valued at $1,467,000 after buying an additional 766 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Federal Signal Corporation by 6.3% during the 2nd quarter. Macquarie Group Ltd. now owns 1,139,379 shares of the conglomerate’s stock valued at $19,780,000 after buying an additional 67,137 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of Federal Signal Corporation by 1.0% during the 2nd quarter. Texas Permanent School Fund now owns 43,651 shares of the conglomerate’s stock valued at $758,000 after buying an additional 412 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of Federal Signal Corporation during the 2nd quarter valued at approximately $668,000. 83.55% of the stock is owned by institutional investors.
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Separately, Zacks Investment Research cut Federal Signal Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $21.50.
Shares of Federal Signal Corporation (NYSE:FSS) traded down $0.22 on Monday, reaching $21.90. The company had a trading volume of 105,227 shares, compared to its average volume of 249,690. Federal Signal Corporation has a 52-week low of $12.10 and a 52-week high of $23.64. The company has a market capitalization of $1,326.84, a PE ratio of 28.73 and a beta of 1.32. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.37 and a quick ratio of 1.23.
Federal Signal Corporation (NYSE:FSS) last announced its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.03. Federal Signal Corporation had a return on equity of 11.39% and a net margin of 5.30%. The firm had revenue of $249.00 million for the quarter, compared to analysts’ expectations of $240.30 million. During the same period last year, the business posted $0.17 earnings per share. The firm’s revenue for the quarter was up 33.4% on a year-over-year basis. sell-side analysts predict that Federal Signal Corporation will post 0.81 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Monday, November 13th. Federal Signal Corporation’s dividend payout ratio (DPR) is presently 38.36%.
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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