Mitsubishi UFJ Asset Management UK Ltd. Acquires Shares of 25,000 Federal Signal Co. (FSS)

Mitsubishi UFJ Asset Management UK Ltd. acquired a new stake in Federal Signal Co. (NYSE:FSS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 25,000 shares of the conglomerate’s stock, valued at approximately $502,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FSS. Quantbot Technologies LP acquired a new stake in shares of Federal Signal in the third quarter valued at approximately $120,000. Pinebridge Investments L.P. raised its holdings in shares of Federal Signal by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock valued at $137,000 after purchasing an additional 86 shares during the last quarter. First Quadrant L P CA acquired a new stake in shares of Federal Signal in the third quarter valued at approximately $187,000. SG Americas Securities LLC acquired a new stake in shares of Federal Signal in the third quarter valued at approximately $212,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Federal Signal in the second quarter valued at approximately $224,000. Institutional investors own 84.10% of the company’s stock.

Federal Signal Co. (NYSE FSS) opened at $20.91 on Friday. The firm has a market cap of $1,229.07, a price-to-earnings ratio of 28.64 and a beta of 1.33. Federal Signal Co. has a fifty-two week low of $13.07 and a fifty-two week high of $23.64. The company has a current ratio of 2.37, a quick ratio of 1.23 and a debt-to-equity ratio of 0.67.

Federal Signal (NYSE:FSS) last issued its earnings results on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.03. The business had revenue of $249.00 million for the quarter, compared to the consensus estimate of $240.30 million. Federal Signal had a net margin of 5.30% and a return on equity of 11.39%. The firm’s revenue for the quarter was up 33.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.17 earnings per share. analysts anticipate that Federal Signal Co. will post 0.81 EPS for the current year.

In other Federal Signal news, Director James E. Goodwin sold 10,000 shares of Federal Signal stock in a transaction on Friday, November 24th. The shares were sold at an average price of $20.67, for a total transaction of $206,700.00. Following the completion of the transaction, the director now directly owns 122,929 shares of the company’s stock, valued at $2,540,942.43. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brenda Reichelderfer sold 45,721 shares of Federal Signal stock in a transaction on Friday, November 17th. The stock was sold at an average price of $20.76, for a total transaction of $949,167.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 110,172 shares of company stock worth $2,338,207. 4.20% of the stock is owned by corporate insiders.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Federal Signal from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Monday, November 6th. ValuEngine downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.50.

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

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