JPMorgan Chase & Co. reduced its position in Federal Signal Corporation (NYSE:FSS) by 48.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 257,652 shares of the conglomerate’s stock after selling 237,983 shares during the quarter. JPMorgan Chase & Co. owned about 0.43% of Federal Signal Corporation worth $4,472,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Principal Financial Group Inc. increased its stake in Federal Signal Corporation by 1.0% in the 2nd quarter. Principal Financial Group Inc. now owns 472,350 shares of the conglomerate’s stock valued at $8,200,000 after buying an additional 4,542 shares during the period. Stanley Laman Group Ltd. increased its stake in Federal Signal Corporation by 1.9% in the 2nd quarter. Stanley Laman Group Ltd. now owns 184,556 shares of the conglomerate’s stock valued at $3,204,000 after buying an additional 3,370 shares during the period. Deprince Race & Zollo Inc. acquired a new position in Federal Signal Corporation in the 2nd quarter valued at $727,000. BNP Paribas Arbitrage SA increased its stake in Federal Signal Corporation by 50.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 18,993 shares of the conglomerate’s stock valued at $330,000 after buying an additional 6,347 shares during the period. Finally, Legal & General Group Plc increased its stake in Federal Signal Corporation by 8.3% in the 2nd quarter. Legal & General Group Plc now owns 115,040 shares of the conglomerate’s stock valued at $1,997,000 after buying an additional 8,793 shares during the period. 83.71% of the stock is currently owned by institutional investors.
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Several equities analysts have issued reports on FSS shares. Zacks Investment Research raised shares of Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, August 31st. BidaskClub raised shares of Federal Signal Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Four analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $21.50.
Shares of Federal Signal Corporation (NYSE FSS) opened at 21.58 on Friday. The firm’s 50 day moving average is $19.62 and its 200 day moving average is $17.13. Federal Signal Corporation has a 12 month low of $11.68 and a 12 month high of $21.94. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 32.95 and a beta of 1.38.
Federal Signal Corporation (NYSE:FSS) last issued its quarterly earnings results on Tuesday, August 8th. The conglomerate reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The company had revenue of $224.40 million for the quarter, compared to analyst estimates of $206.53 million. Federal Signal Corporation had a return on equity of 10.59% and a net margin of 5.20%. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. On average, equities analysts predict that Federal Signal Corporation will post $0.79 earnings per share for the current fiscal year.
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.
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