Federal Signal Corporation (FSS) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its stake in Federal Signal Corporation (NYSE:FSS) by 8.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,279,934 shares of the conglomerate’s stock after purchasing an additional 391,353 shares during the quarter. Franklin Resources Inc. owned 8.83% of Federal Signal Corporation worth $91,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in shares of Federal Signal Corporation by 1.0% in the second quarter. Principal Financial Group Inc. now owns 472,350 shares of the conglomerate’s stock worth $8,200,000 after purchasing an additional 4,542 shares in the last quarter. Stanley Laman Group Ltd. lifted its position in shares of Federal Signal Corporation by 1.9% in the second quarter. Stanley Laman Group Ltd. now owns 184,556 shares of the conglomerate’s stock worth $3,204,000 after purchasing an additional 3,370 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in shares of Federal Signal Corporation in the second quarter worth approximately $727,000. BNP Paribas Arbitrage SA lifted its position in shares of Federal Signal Corporation by 50.2% in the second quarter. BNP Paribas Arbitrage SA now owns 18,993 shares of the conglomerate’s stock worth $330,000 after purchasing an additional 6,347 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Federal Signal Corporation by 8.3% in the second quarter. Legal & General Group Plc now owns 115,040 shares of the conglomerate’s stock worth $1,997,000 after purchasing an additional 8,793 shares in the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.

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Federal Signal Corporation (NYSE:FSS) opened at 18.70 on Wednesday. The firm has a market cap of $1.12 billion, a P/E ratio of 28.55 and a beta of 1.36. The company has a 50-day moving average price of $18.44 and a 200-day moving average price of $16.34. Federal Signal Corporation has a 12-month low of $11.68 and a 12-month high of $20.13.

Federal Signal Corporation (NYSE:FSS) last released its quarterly earnings data on Tuesday, August 8th. The conglomerate reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Federal Signal Corporation had a return on equity of 10.59% and a net margin of 5.20%. The business had revenue of $224.40 million for the quarter, compared to analysts’ expectations of $206.53 million. During the same quarter in the previous year, the business posted $0.17 EPS. Federal Signal Corporation’s revenue for the quarter was up 30.2% on a year-over-year basis. On average, analysts predict that Federal Signal Corporation will post $0.79 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Tuesday, August 15th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Friday, August 11th. Federal Signal Corporation’s payout ratio is 42.42%.

FSS has been the subject of a number of research analyst reports. BidaskClub raised shares of Federal Signal Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised shares of Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Tuesday, May 30th. Four analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of $20.50.

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

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