Trexquant Investment LP Increases Stake in Federal Signal Corporation (FSS)
Trexquant Investment LP raised its stake in Federal Signal Corporation (NYSE:FSS) by 60.9% during the second quarter, Holdings Channel reports. The institutional investor owned 25,228 shares of the conglomerate’s stock after buying an additional 9,551 shares during the period. Trexquant Investment LP’s holdings in Federal Signal Corporation were worth $438,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of FSS. IFP Advisors Inc increased its position 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 buying an additional 6,776 shares in the last quarter. Texas Permanent School Fund increased its position in Federal Signal Corporation by 1.0% in the second 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 in the last quarter. Great West Life Assurance Co. Can increased its position in Federal Signal Corporation by 3.7% in the second quarter. Great West Life Assurance Co. Can now owns 86,064 shares of the conglomerate’s stock valued at $1,493,000 after buying an additional 3,110 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Federal Signal Corporation by 3.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 14,080 shares of the conglomerate’s stock valued at $244,000 after buying an additional 410 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Federal Signal Corporation during the second quarter valued at $205,000. 81.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Federal Signal Corporation (NYSE:FSS) opened at 18.38 on Tuesday. The firm’s 50 day moving average is $18.01 and its 200-day moving average is $15.93. Federal Signal Corporation has a 12 month low of $11.68 and a 12 month high of $20.13. The firm has a market capitalization of $1.10 billion, a PE ratio of 28.06 and a beta of 1.37.
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, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The business had revenue of $224.40 million for the quarter, compared to analyst estimates of $206.53 million. Federal Signal Corporation had a net margin of 5.20% and a return on equity of 10.59%. The company’s revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 EPS. On average, analysts expect that Federal Signal Corporation will post $0.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Investors of record on Tuesday, August 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Friday, August 11th. Federal Signal Corporation’s dividend payout ratio (DPR) is presently 42.42%.
FSS has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Thursday, August 10th. BidaskClub upgraded shares of Federal Signal Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, KeyCorp upgraded shares of Federal Signal Corporation from a “sector weight” rating to an “overweight” rating and set a $20.00 price objective for the company in a research report on Tuesday, May 9th. Four equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $20.50.
In related news, VP Samuel Miceli sold 2,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $16.05, for a total transaction of $32,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul W. Jones sold 50,000 shares of the stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $15.96, for a total transaction of $798,000.00. Following the sale, the director now directly owns 72,901 shares of the company’s stock, valued at approximately $1,163,499.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,900 shares of company stock valued at $844,662. Corporate insiders own 4.20% of the company’s stock.
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.
Want to see what other hedge funds are holding FSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Signal Corporation (NYSE:FSS).
Receive News & Ratings for Federal Signal Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Signal Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.