Trexquant Investment LP lifted its stake in Federal Signal Co. (NYSE:FSS) by 54.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,079 shares of the conglomerate’s stock after purchasing an additional 6,376 shares during the period. Trexquant Investment LP’s holdings in Federal Signal were worth $398,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of FSS. BlackRock Inc. grew its holdings in Federal Signal by 2.8% during the 4th quarter. BlackRock Inc. now owns 7,530,909 shares of the conglomerate’s stock worth $151,296,000 after acquiring an additional 206,616 shares during the period. Brown Advisory Inc. grew its holdings in Federal Signal by 18.0% during the 4th quarter. Brown Advisory Inc. now owns 1,477,758 shares of the conglomerate’s stock worth $29,689,000 after acquiring an additional 225,288 shares during the period. Macquarie Group Ltd. grew its holdings in Federal Signal by 9.3% during the 4th quarter. Macquarie Group Ltd. now owns 1,419,884 shares of the conglomerate’s stock worth $28,525,000 after acquiring an additional 120,510 shares during the period. Millennium Management LLC grew its holdings in Federal Signal by 172.9% during the 4th quarter. Millennium Management LLC now owns 565,139 shares of the conglomerate’s stock worth $11,354,000 after acquiring an additional 358,080 shares during the period. Finally, Deutsche Bank AG grew its holdings in Federal Signal by 49.2% during the 4th quarter. Deutsche Bank AG now owns 545,190 shares of the conglomerate’s stock worth $10,950,000 after acquiring an additional 179,821 shares during the period. 85.08% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on the stock. Seaport Global Securities reaffirmed a “buy” rating on shares of Federal Signal in a report on Thursday, March 1st. Zacks Investment Research lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Thursday, May 31st. ValuEngine raised shares of Federal Signal from a “hold” rating to a “buy” rating in a report on Wednesday, February 28th. Finally, Sidoti assumed coverage on shares of Federal Signal in a report on Tuesday, February 20th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $27.00.
In related news, CEO Jennifer L. Sherman sold 96,056 shares of the business’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $24.31, for a total value of $2,335,121.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.30% of the company’s stock.
Shares of Federal Signal traded down $0.32, hitting $23.70, on Wednesday, Marketbeat Ratings reports. The stock had a trading volume of 187,200 shares, compared to its average volume of 283,050. Federal Signal Co. has a twelve month low of $16.28 and a twelve month high of $24.86. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 27.88 and a beta of 1.15. The company has a quick ratio of 1.28, a current ratio of 2.45 and a debt-to-equity ratio of 0.57.
Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Tuesday, May 8th. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. Federal Signal had a net margin of 6.93% and a return on equity of 12.83%. The company had revenue of $249.70 million during the quarter, compared to analyst estimates of $239.80 million. During the same quarter in the previous year, the business earned $0.14 EPS. The firm’s revenue was up 40.4% on a year-over-year basis. research analysts expect that Federal Signal Co. will post 1.2 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 29th. Investors of record on Tuesday, May 15th were given a $0.08 dividend. This is a boost from Federal Signal’s previous quarterly dividend of $0.07. This represents a $0.32 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Monday, May 14th. Federal Signal’s payout ratio is currently 37.65%.
About Federal Signal
Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.
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