Public Employees Retirement System of Ohio raised its holdings in Federal Signal Co. (NYSE:FSS) by 1,634.6% in the second quarter, Holdings Channel reports. The fund owned 54,761 shares of the conglomerate’s stock after acquiring an additional 51,604 shares during the period. Public Employees Retirement System of Ohio’s holdings in Federal Signal were worth $1,465,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its holdings in shares of Federal Signal by 129.4% in the 2nd quarter. Wells Fargo & Company MN now owns 362,557 shares of the conglomerate’s stock valued at $9,698,000 after purchasing an additional 204,479 shares in the last quarter. Hillcrest Asset Management LLC boosted its stake in shares of Federal Signal by 35.7% in the 1st quarter. Hillcrest Asset Management LLC now owns 531,384 shares of the conglomerate’s stock worth $13,811,000 after buying an additional 139,924 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in shares of Federal Signal by 26.0% in the 1st quarter. State of Wisconsin Investment Board now owns 472,350 shares of the conglomerate’s stock worth $12,276,000 after buying an additional 97,350 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Federal Signal by 50.6% in the 2nd quarter. First Trust Advisors LP now owns 269,223 shares of the conglomerate’s stock worth $7,202,000 after buying an additional 90,418 shares during the last quarter. Finally, ClariVest Asset Management LLC raised its holdings in shares of Federal Signal by 60.8% in the 1st quarter. ClariVest Asset Management LLC now owns 236,050 shares of the conglomerate’s stock worth $6,136,000 after purchasing an additional 89,225 shares during the period. 88.88% of the stock is owned by institutional investors.
In related news, CFO Ian A. Hudson sold 45,087 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $32.04, for a total transaction of $1,444,587.48. Following the completion of the transaction, the chief financial officer now owns 48,974 shares in the company, valued at approximately $1,569,126.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Svetlana Vinokur sold 10,818 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $32.30, for a total transaction of $349,421.40. Following the transaction, the vice president now owns 23,774 shares in the company, valued at approximately $767,900.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 113,639 shares of company stock valued at $3,538,690. 4.00% of the stock is owned by corporate insiders.
FSS has been the topic of a number of analyst reports. ValuEngine cut shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded shares of Federal Signal from a “hold” rating to a “strong-buy” rating and set a $36.00 target price for the company in a research report on Friday, August 2nd.
FSS stock traded up $0.08 during trading on Thursday, reaching $32.48. The company had a trading volume of 6,722 shares, compared to its average volume of 406,351. Federal Signal Co. has a 52 week low of $18.59 and a 52 week high of $34.12. The business has a 50 day moving average of $30.41 and a 200 day moving average of $27.20. The company has a market cap of $2.01 billion, a P/E ratio of 22.73 and a beta of 1.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.21 and a quick ratio of 1.17.
Federal Signal (NYSE:FSS) last released its quarterly earnings results on Wednesday, July 31st. The conglomerate reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.09. The business had revenue of $324.30 million for the quarter, compared to the consensus estimate of $305.40 million. Federal Signal had a net margin of 9.11% and a return on equity of 17.99%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. Research analysts expect that Federal Signal Co. will post 1.72 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Wednesday, August 14th were paid a $0.08 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.99%. Federal Signal’s payout ratio is currently 22.38%.
Federal Signal Company Profile
Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.
Read More: Capital gains and your 401(k) or IRA
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 Co. (NYSE:FSS).
Receive News & Ratings for Federal Signal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Signal and related companies with MarketBeat.com's FREE daily email newsletter.