United Services Automobile Association lifted its holdings in Federal Signal Co. (NYSE:FSS) by 14.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 370,985 shares of the conglomerate’s stock after purchasing an additional 46,797 shares during the period. United Services Automobile Association owned about 0.62% of Federal Signal worth $8,640,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in FSS. SG Americas Securities LLC purchased a new position in shares of Federal Signal in the 1st quarter valued at about $187,000. US Bancorp DE increased its stake in shares of Federal Signal by 41.8% in the 1st quarter. US Bancorp DE now owns 8,762 shares of the conglomerate’s stock valued at $193,000 after purchasing an additional 2,581 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Federal Signal in the 2nd quarter valued at about $204,000. Cubist Systematic Strategies LLC purchased a new position in shares of Federal Signal in the 2nd quarter valued at about $206,000. Finally, Verition Fund Management LLC purchased a new position in shares of Federal Signal in the 1st quarter valued at about $214,000. Hedge funds and other institutional investors own 87.76% of the company’s stock.
Shares of Federal Signal stock opened at $25.95 on Tuesday. The company has a quick ratio of 1.17, a current ratio of 2.15 and a debt-to-equity ratio of 0.50. Federal Signal Co. has a twelve month low of $18.37 and a twelve month high of $28.32. The stock has a market capitalization of $1.61 billion, a P/E ratio of 30.53 and a beta of 1.31.
Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Tuesday, August 7th. The conglomerate reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.12. Federal Signal had a return on equity of 15.24% and a net margin of 7.97%. The firm had revenue of $291.00 million during the quarter, compared to analyst estimates of $271.83 million. Analysts forecast that Federal Signal Co. will post 1.32 earnings per share for the current fiscal year.
Separately, Zacks Investment Research lowered Federal Signal from a “buy” rating to a “hold” rating in a research note on Monday, July 16th.
About Federal Signal
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.
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