Goldman Sachs Group Inc. grew its stake in Federal Signal Corporation (NYSE:FSS) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,517,979 shares of the conglomerate’s stock after buying an additional 123,700 shares during the period. Goldman Sachs Group Inc. owned 4.20% of Federal Signal Corporation worth $43,712,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of FSS. IFP Advisors Inc raised its holdings in shares of Federal Signal Corporation by 12,320.0% in the second quarter. IFP Advisors Inc now owns 6,831 shares of the conglomerate’s stock worth $119,000 after buying an additional 6,776 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Federal Signal Corporation by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock worth $137,000 after buying an additional 86 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Federal Signal Corporation in the first quarter worth $162,000. BNP Paribas Arbitrage SA raised its holdings in shares of Federal Signal Corporation by 7.8% in the first quarter. BNP Paribas Arbitrage SA now owns 12,646 shares of the conglomerate’s stock worth $175,000 after buying an additional 915 shares during the last quarter. Finally, Mason Street Advisors LLC raised its holdings in shares of Federal Signal Corporation by 6.7% in the first quarter. Mason Street Advisors LLC now owns 13,965 shares of the conglomerate’s stock worth $193,000 after buying an additional 875 shares during the last quarter. 83.71% of the stock is owned by institutional investors and hedge funds.
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Shares of Federal Signal Corporation (NYSE:FSS) opened at 21.59 on Tuesday. Federal Signal Corporation has a 52-week low of $11.68 and a 52-week high of $21.94. The company’s 50-day moving average is $20.13 and its 200 day moving average is $17.47. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 32.96 and a beta of 1.38.
Federal Signal Corporation (NYSE:FSS) last released its earnings results 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. The company had revenue of $224.40 million for the quarter, compared to analysts’ expectations of $206.53 million. Federal Signal Corporation had a return on equity of 10.59% and a net margin of 5.20%. The business’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.17 EPS. On average, analysts expect that Federal Signal Corporation will post $0.79 earnings per share for the current fiscal year.
FSS has been the subject of several recent research reports. Zacks Investment Research raised shares of Federal Signal Corporation from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Thursday, August 31st. BidaskClub raised shares of Federal Signal Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $21.50.
Federal Signal Corporation 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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