Prudential Financial Inc. boosted its holdings in shares of Federal Signal Co. (NYSE:FSS) by 14.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,314 shares of the conglomerate’s stock after acquiring an additional 31,803 shares during the quarter. Prudential Financial Inc. owned 0.43% of Federal Signal worth $6,891,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of FSS. Crossmark Global Holdings Inc. bought a new stake in Federal Signal during the 2nd quarter worth approximately $204,000. Cubist Systematic Strategies LLC bought a new stake in Federal Signal during the 2nd quarter worth approximately $206,000. Engineers Gate Manager LP bought a new stake in Federal Signal during the 2nd quarter worth approximately $281,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Federal Signal during the 2nd quarter worth approximately $296,000. Finally, Meeder Asset Management Inc. grew its holdings in Federal Signal by 1,967.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 12,118 shares of the conglomerate’s stock worth $325,000 after acquiring an additional 11,532 shares during the last quarter. 88.34% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have weighed in on FSS. Zacks Investment Research raised shares of Federal Signal from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, November 8th. ValuEngine lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd.
In other news, Director Dennis J. Martin sold 55,000 shares of the business’s stock in a transaction that occurred on Monday, November 12th. The shares were sold at an average price of $23.14, for a total value of $1,272,700.00. Following the transaction, the director now owns 290,728 shares in the company, valued at approximately $6,727,445.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.30% of the stock is currently owned by insiders.
Shares of NYSE FSS opened at $21.16 on Friday. The company has a market capitalization of $1.32 billion, a PE ratio of 17.18 and a beta of 1.42. Federal Signal Co. has a 52-week low of $18.37 and a 52-week high of $28.32. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.04 and a current ratio of 2.03.
Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Tuesday, November 6th. The conglomerate reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04. The firm had revenue of $269.40 million for the quarter, compared to the consensus estimate of $267.15 million. Federal Signal had a net margin of 8.69% and a return on equity of 16.15%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 EPS. On average, equities research analysts expect that Federal Signal Co. will post 1.36 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 13th were given a $0.08 dividend. The ex-dividend date was Friday, November 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.51%. Federal Signal’s dividend payout ratio (DPR) is currently 37.65%.
Federal Signal Profile
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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