Ameriprise Financial Inc. boosted its position in Federal Signal Corp. (NYSE:FSS) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 321,439 shares of the company’s stock after buying an additional 1,749 shares during the period. Ameriprise Financial Inc. owned approximately 0.54% of Federal Signal Corp. worth $4,140,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in Federal Signal Corp. by 7.8% in the second quarter. Assetmark Inc. now owns 150,498 shares of the company’s stock worth $1,938,000 after buying an additional 10,890 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Federal Signal Corp. by 10.2% in the second quarter. PNC Financial Services Group Inc. now owns 296,826 shares of the company’s stock valued at $3,824,000 after buying an additional 27,523 shares during the last quarter. Princeton Alpha Management LP bought a new position in shares of Federal Signal Corp. during the second quarter valued at $242,000. First Trust Advisors LP boosted its position in shares of Federal Signal Corp. by 53.1% in the second quarter. First Trust Advisors LP now owns 165,646 shares of the company’s stock valued at $2,134,000 after buying an additional 57,477 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Federal Signal Corp. by 111.0% in the second quarter. GSA Capital Partners LLP now owns 156,995 shares of the company’s stock valued at $2,022,000 after buying an additional 82,575 shares during the last quarter. Hedge funds and other institutional investors own 83.35% of the company’s stock.
Shares of Federal Signal Corp. (NYSE:FSS) traded down 0.31% during midday trading on Tuesday, reaching $12.98. 131,863 shares of the company traded hands. The firm has a market capitalization of $777.93 million, a PE ratio of 15.23 and a beta of 1.27. The company has a 50-day moving average of $13.15 and a 200 day moving average of $13.14. Federal Signal Corp. has a 12-month low of $11.16 and a 12-month high of $17.23.
Federal Signal Corp. (NYSE:FSS) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.02. Federal Signal Corp. had a return on equity of 13.54% and a net margin of 7.19%. The firm earned $172.30 million during the quarter, compared to the consensus estimate of $180.05 million. During the same period in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was down 16.1% on a year-over-year basis. On average, equities analysts forecast that Federal Signal Corp. will post $0.70 earnings per share for the current year.
FSS has been the subject of several analyst reports. Zacks Investment Research upgraded Federal Signal Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 21st. TheStreet cut Federal Signal Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 4th.
Federal Signal Corp. Company Profile
Federal Signal Corporation designs and manufactures products and integrated solutions for municipal governmental industrial and commercial customers. The Company operates through two segments: Environmental Solutions Group, and Safety and Security Systems Group. Environmental Solutions Group is manufacturer and supplier of a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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