Hantz Financial Services Inc. Invests $2.11 Million in Federal Signal Co. (NYSE:FSS)

Hantz Financial Services Inc. acquired a new position in Federal Signal Co. (NYSE:FSS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 22,879 shares of the conglomerate’s stock, valued at approximately $2,114,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. ArrowMark Colorado Holdings LLC bought a new stake in shares of Federal Signal in the 3rd quarter valued at about $28,863,000. Geode Capital Management LLC boosted its holdings in Federal Signal by 17.6% in the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock valued at $149,727,000 after acquiring an additional 239,789 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Federal Signal by 113.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate’s stock valued at $37,200,000 after purchasing an additional 211,555 shares during the period. Millennium Management LLC raised its holdings in Federal Signal by 77.8% during the 2nd quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock worth $37,298,000 after purchasing an additional 195,017 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Federal Signal by 26.7% in the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock worth $59,523,000 after purchasing an additional 134,457 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FSS has been the subject of a number of analyst reports. DA Davidson lowered their target price on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. StockNews.com raised Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, December 28th. Finally, Raymond James reaffirmed an “outperform” rating and set a $110.00 target price on shares of Federal Signal in a research note on Tuesday, December 24th.

Federal Signal Stock Up 1.5 %

Federal Signal stock opened at $98.92 on Friday. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average price is $95.84 and its two-hundred day moving average price is $92.78. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 28.67 and a beta of 1.01. Federal Signal Co. has a 1-year low of $76.03 and a 1-year high of $102.18.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $474.20 million during the quarter, compared to the consensus estimate of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. On average, equities research analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.