Park Avenue Securities LLC Acquires 963 Shares of Federal Signal Co. (NYSE:FSS)

Park Avenue Securities LLC raised its holdings in Federal Signal Co. (NYSE:FSS) by 25.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,792 shares of the conglomerate’s stock after purchasing an additional 963 shares during the period. Park Avenue Securities LLC’s holdings in Federal Signal were worth $443,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of FSS. American Century Companies Inc. purchased a new position in Federal Signal in the 2nd quarter valued at approximately $301,000. Renaissance Technologies LLC bought a new position in shares of Federal Signal in the second quarter worth $7,714,000. Hsbc Holdings PLC grew its position in shares of Federal Signal by 38.0% in the second quarter. Hsbc Holdings PLC now owns 14,276 shares of the conglomerate’s stock valued at $1,203,000 after purchasing an additional 3,931 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Federal Signal during the 2nd quarter valued at $84,000. Finally, Ensign Peak Advisors Inc lifted its holdings in Federal Signal by 31.0% during the 2nd quarter. Ensign Peak Advisors Inc now owns 30,063 shares of the conglomerate’s stock worth $2,515,000 after purchasing an additional 7,115 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

Federal Signal Trading Up 2.1 %

NYSE FSS opened at $101.34 on Friday. The stock has a 50-day moving average of $95.04 and a 200-day moving average of $92.35. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 1-year low of $74.40 and a 1-year high of $102.18. The firm has a market cap of $6.19 billion, a PE ratio of 29.37 and a beta of 1.01.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 11.57% and a return on equity of 18.46%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. As a group, sell-side analysts forecast that Federal Signal Co. will post 3.34 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.