California Public Employees Retirement System Has $2.47 Million Position in Federal Signal Corporation (FSS)
California Public Employees Retirement System increased its position in Federal Signal Corporation (NYSE:FSS) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142,400 shares of the conglomerate’s stock after acquiring an additional 9,300 shares during the period. California Public Employees Retirement System owned approximately 0.24% of Federal Signal Corporation worth $2,472,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in Federal Signal Corporation by 12,320.0% during the 2nd 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 during the period. Pinebridge Investments L.P. increased its stake in Federal Signal Corporation by 1.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock valued at $137,000 after buying an additional 86 shares during the period. Karp Capital Management Corp acquired a new position in Federal Signal Corporation during the 1st quarter valued at about $162,000. State of Alaska Department of Revenue increased its stake in 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 valued at $204,000 after buying an additional 5,217 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Federal Signal Corporation during the 2nd quarter valued at about $205,000. 83.55% of the stock is currently owned by institutional investors and hedge funds.
Federal Signal Corporation (FSS) opened at 20.83 on Tuesday. Federal Signal Corporation has a 52 week low of $11.68 and a 52 week high of $21.94. The firm has a market cap of $1.25 billion, a PE ratio of 31.80 and a beta of 1.38. The stock has a 50 day moving average of $20.92 and a 200 day moving average of $18.10.
Federal Signal Corporation (NYSE:FSS) last issued its quarterly earnings results on Tuesday, August 8th. The conglomerate reported $0.23 earnings per share (EPS) 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 the consensus estimate of $206.53 million. Federal Signal Corporation had a net margin of 5.20% and a return on equity of 10.59%. The firm’s quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. Analysts anticipate that Federal Signal Corporation will post $0.79 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, November 13th. This represents a $0.28 annualized dividend and a yield of 1.34%. Federal Signal Corporation’s dividend payout ratio (DPR) is 42.42%.
Several research firms have commented on FSS. Zacks Investment Research cut shares of Federal Signal Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub raised shares of Federal Signal Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target 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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