Federal Signal Co. (NYSE:FSS) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Federal Signal Co. (NYSE:FSS) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 169,352 shares of the conglomerate’s stock after acquiring an additional 2,348 shares during the period. JPMorgan Chase & Co.’s holdings in Federal Signal were worth $15,828,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Franklin Resources Inc. increased its stake in Federal Signal by 26.7% during the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock worth $59,523,000 after buying an additional 134,457 shares during the period. Tidal Investments LLC boosted its stake in Federal Signal by 19.1% during the 3rd quarter. Tidal Investments LLC now owns 3,174 shares of the conglomerate’s stock valued at $297,000 after acquiring an additional 510 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Federal Signal during the 3rd quarter worth $46,000. Geode Capital Management LLC grew its holdings in Federal Signal by 17.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after acquiring an additional 239,789 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Federal Signal by 338.7% in the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock worth $13,569,000 after purchasing an additional 112,092 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Federal Signal Stock Up 0.2 %

Shares of Federal Signal stock opened at $93.00 on Friday. Federal Signal Co. has a twelve month low of $72.40 and a twelve month high of $102.18. The stock has a market capitalization of $5.68 billion, a price-to-earnings ratio of 26.96 and a beta of 1.01. 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 business’s 50 day simple moving average is $93.68 and its 200-day simple moving average is $91.54.

Federal Signal (NYSE:FSS) last posted its 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 company had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $0.71 earnings per share. Equities research analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. Federal Signal’s dividend payout ratio is presently 13.91%.

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.