Truist Financial Corp lifted its position in Federal Signal Co. (NYSE:FSS – Get Rating) by 0.3% in the 3rd quarter, Holdings Channel reports. The fund owned 80,017 shares of the conglomerate’s stock after acquiring an additional 256 shares during the quarter. Truist Financial Corp’s holdings in Federal Signal were worth $2,986,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in the company. Great West Life Assurance Co. Can raised its position in shares of Federal Signal by 0.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 53,455 shares of the conglomerate’s stock worth $1,850,000 after acquiring an additional 366 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Federal Signal by 9.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,216 shares of the conglomerate’s stock valued at $142,000 after buying an additional 376 shares in the last quarter. Legacy Wealth Asset Management LLC increased its position in Federal Signal by 2.9% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 15,122 shares of the conglomerate’s stock valued at $538,000 after buying an additional 426 shares in the last quarter. CWM LLC increased its position in Federal Signal by 114.8% during the 2nd quarter. CWM LLC now owns 883 shares of the conglomerate’s stock valued at $31,000 after buying an additional 472 shares in the last quarter. Finally, Texas Permanent School Fund increased its position in Federal Signal by 1.3% during the 2nd quarter. Texas Permanent School Fund now owns 43,862 shares of the conglomerate’s stock valued at $1,561,000 after buying an additional 565 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on FSS. Raymond James raised their price objective on Federal Signal from $45.00 to $52.00 and gave the company a “strong-buy” rating in a research report on Thursday, October 20th. DA Davidson raised their price objective on Federal Signal from $46.00 to $54.00 in a research report on Monday, November 7th. Finally, StockNews.com lowered Federal Signal from a “buy” rating to a “hold” rating in a research report on Monday, December 12th.
Insider Transactions at Federal Signal
Federal Signal Stock Performance
Shares of FSS opened at $50.91 on Friday. The business’s fifty day simple moving average is $47.63 and its two-hundred day simple moving average is $42.88. The company has a current ratio of 2.82, a quick ratio of 1.23 and a debt-to-equity ratio of 0.40. Federal Signal Co. has a 12 month low of $31.86 and a 12 month high of $51.28. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 29.60 and a beta of 1.01.
Federal Signal (NYSE:FSS – Get Rating) last issued its earnings results on Thursday, November 3rd. The conglomerate reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. Federal Signal had a return on equity of 13.71% and a net margin of 7.83%. The business had revenue of $346.40 million for the quarter, compared to the consensus estimate of $369.10 million. Research analysts anticipate that Federal Signal Co. will post 1.96 earnings per share for the current fiscal year.
Federal Signal Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Stockholders of record on Friday, November 18th were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, November 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.71%. Federal Signal’s dividend payout ratio (DPR) is currently 20.93%.
About Federal Signal
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.
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