Mason Street Advisors LLC acquired a new stake in Federal Signal Corp. (NYSE:FSS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,820 shares of the company’s stock, valued at approximately $152,000.
A number of other hedge funds have also modified their holdings of the company. AlphaOne Investment Services LLC increased its stake in Federal Signal Corp. by 9.0% in the first quarter. AlphaOne Investment Services LLC now owns 228,570 shares of the company’s stock valued at $3,031,000 after buying an additional 18,942 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Federal Signal Corp. during the second quarter valued at about $337,000. HBK Investments L P increased its stake in Federal Signal Corp. by 74.9% in the first quarter. HBK Investments L P now owns 100,500 shares of the company’s stock valued at $1,333,000 after buying an additional 43,045 shares in the last quarter. Swiss National Bank increased its stake in Federal Signal Corp. by 1.9% in the second quarter. Swiss National Bank now owns 108,100 shares of the company’s stock valued at $1,392,000 after buying an additional 2,000 shares in the last quarter. Finally, UBS Group AG increased its stake in Federal Signal Corp. by 10.1% in the first quarter. UBS Group AG now owns 203,639 shares of the company’s stock valued at $2,701,000 after buying an additional 18,618 shares in the last quarter. 83.37% of the stock is currently owned by institutional investors and hedge funds.
Federal Signal Corp. (NYSE:FSS) opened at 13.00 on Friday. Federal Signal Corp. has a one year low of $11.16 and a one year high of $17.23. The company has a market cap of $779.13 million, a PE ratio of 15.26 and a beta of 1.27. The stock has a 50 day moving average price of $13.16 and a 200 day moving average price of $13.14.
Federal Signal Corp. (NYSE:FSS) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.02. The firm had revenue of $172.30 million for the quarter, compared to the consensus estimate of $180.05 million. Federal Signal Corp. had a net margin of 7.19% and a return on equity of 13.54%. The business’s revenue was down 16.1% compared to the same quarter last year. During the same period last year, the company posted $0.29 EPS. On average, equities analysts anticipate that Federal Signal Corp. will post $0.70 EPS for the current fiscal year.
Several research firms have issued reports on FSS. Zacks Investment Research raised Federal Signal Corp. from a “sell” rating to a “hold” rating in a research note on Monday, October 10th. TheStreet downgraded Federal Signal Corp. from a “buy” rating to a “hold” rating in a research note 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.
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 Corp. (NYSE:FSS).
Receive News & Ratings for Federal Signal Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Signal Corp. and related companies with MarketBeat.com's FREE daily email newsletter.