Perpetual Ltd Purchases 4,160 Shares of Federal Signal Co. (NYSE:FSS)

Perpetual Ltd lifted its position in shares of Federal Signal Co. (NYSE:FSS) by 88.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,860 shares of the conglomerate’s stock after purchasing an additional 4,160 shares during the period. Perpetual Ltd’s holdings in Federal Signal were worth $819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC bought a new stake in shares of Federal Signal in the third quarter valued at about $28,863,000. Geode Capital Management LLC raised its stake in Federal Signal by 17.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after purchasing an additional 239,789 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Federal Signal by 113.4% in 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 grew its position in shares of 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 in the last quarter. Finally, Driehaus Capital Management LLC increased its holdings in shares of Federal Signal by 20.3% during the second quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock worth $76,340,000 after purchasing an additional 153,765 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FSS shares. StockNews.com upgraded Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, December 28th. Raymond James reissued an “outperform” rating and set a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th. Finally, DA Davidson decreased their price target on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th.

Federal Signal Stock Up 0.0 %

NYSE FSS opened at $99.17 on Thursday. The business has a fifty day moving average price of $94.90 and a two-hundred day moving average price of $92.30. The stock has a market capitalization of $6.06 billion, a PE ratio of 28.74 and a beta of 1.01. Federal Signal Co. has a fifty-two week low of $74.40 and a fifty-two week high of $102.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Federal Signal’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $0.71 earnings per share. Equities analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

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.