Pinebridge Investments L.P. Has $137,000 Holdings in Federal Signal Corporation (FSS)

Pinebridge Investments L.P. raised its position in shares of Federal Signal Corporation (NYSE:FSS) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,876 shares of the conglomerate’s stock after acquiring an additional 86 shares during the period. Pinebridge Investments L.P.’s holdings in Federal Signal Corporation were worth $137,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System grew its holdings in shares of Federal Signal Corporation by 1.0% in the first quarter. Arizona State Retirement System now owns 31,132 shares of the conglomerate’s stock worth $430,000 after purchasing an additional 300 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of Federal Signal Corporation by 3.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 14,080 shares of the conglomerate’s stock worth $244,000 after purchasing an additional 410 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of Federal Signal Corporation by 1.0% in the second quarter. Texas Permanent School Fund now owns 43,651 shares of the conglomerate’s stock worth $758,000 after purchasing an additional 412 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Federal Signal Corporation by 0.7% in the first quarter. Legal & General Group Plc now owns 106,247 shares of the conglomerate’s stock worth $1,467,000 after purchasing an additional 766 shares during the last quarter. Finally, Mason Street Advisors LLC grew its holdings in shares of Federal Signal Corporation by 6.7% in the first quarter. Mason Street Advisors LLC now owns 13,965 shares of the conglomerate’s stock worth $193,000 after purchasing an additional 875 shares during the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

FSS has been the topic of a number of research analyst reports. BidaskClub cut shares of Federal Signal Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Zacks Investment Research upgraded shares of Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, September 21st. Four investment analysts have rated the stock with a buy rating, Federal Signal Corporation presently has a consensus rating of “Buy” and an average target price of $21.50.

COPYRIGHT VIOLATION NOTICE: “Pinebridge Investments L.P. Has $137,000 Holdings in Federal Signal Corporation (FSS)” was posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://transcriptdaily.com/2017/10/08/pinebridge-investments-l-p-has-137000-holdings-in-federal-signal-corporation-fss.html.

Federal Signal Corporation (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 one year low of $11.68 and a one year high of $21.94. The company has a market capitalization of $1.29 billion, a PE ratio of 32.95 and a beta of 1.38.

Federal Signal Corporation (NYSE:FSS) last announced its earnings results on Tuesday, August 8th. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The company had revenue of $224.40 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.17 earnings per share. On average, equities analysts expect that Federal Signal Corporation will post $0.79 EPS for the current fiscal year.

Federal Signal Corporation 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.

Want to see what other hedge funds are holding FSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Signal Corporation (NYSE:FSS).

Institutional Ownership by Quarter for Federal Signal Corporation (NYSE:FSS)

Receive News & Ratings for Federal Signal Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Signal Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply