BNP Paribas Arbitrage SA cut its stake in Federal Signal Corp. (NYSE:FSS) by 50.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 10,111 shares of the company’s stock after selling 10,467 shares during the period. BNP Paribas Arbitrage SA’s holdings in Federal Signal Corp. were worth $134,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of FSS. Macquarie Group Ltd. boosted its stake in Federal Signal Corp. by 27.5% in the second quarter. Macquarie Group Ltd. now owns 927,675 shares of the company’s stock worth $11,948,000 after buying an additional 200,260 shares in the last quarter. Mason Street Advisors LLC bought a new stake in Federal Signal Corp. during the second quarter worth approximately $152,000. Royal Bank of Canada boosted its stake in Federal Signal Corp. by 879.5% in the second quarter. Royal Bank of Canada now owns 274,734 shares of the company’s stock worth $3,539,000 after buying an additional 246,685 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Federal Signal Corp. by 13.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 237,329 shares of the company’s stock worth $3,057,000 after buying an additional 27,624 shares in the last quarter. Finally, Fiera Capital Corp bought a new stake in Federal Signal Corp. during the second quarter worth approximately $2,361,000. 83.37% of the stock is currently owned by institutional investors.
Shares of Federal Signal Corp. (NYSE:FSS) opened at 13.12 on Thursday. The company’s 50 day moving average price is $13.17 and its 200 day moving average price is $13.14. The stock has a market capitalization of $786.32 million, a PE ratio of 15.40 and a beta of 1.27. Federal Signal Corp. has a 52-week low of $11.16 and a 52-week high of $17.23.
Federal Signal Corp. (NYSE:FSS) last issued its earnings results on Thursday, July 28th. The company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.02. The firm had revenue of $172.30 million for the quarter, compared to the consensus estimate of $180.05 million. Federal Signal Corp. had a net margin of 7.19% and a return on equity of 13.54%. The company’s revenue for the quarter was down 16.1% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. On average, equities research analysts anticipate that Federal Signal Corp. will post $0.70 EPS for the current year.
FSS has been the topic of a number of recent research reports. Zacks Investment Research raised Federal Signal Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 21st. TheStreet cut Federal Signal Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, August 4th.
Federal Signal Corp. Company Profile
Federal Signal Corporation designs and manufactures products and integrated solutions for municipal governmental industrial and commercial customers. The Company operates through two segments: Environmental Solutions Group, and Safety and Security Systems Group. Environmental Solutions Group is manufacturer and supplier of a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.