Prudential Financial Inc. reduced its position in Federal Signal Corp. (NYSE:FSS) by 9.0% during the second quarter, Holdings Channel reports. The fund owned 357,725 shares of the company’s stock after selling 35,540 shares during the period. Prudential Financial Inc. owned about 0.60% of Federal Signal Corp. worth $4,607,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of FSS. Teacher Retirement System of Texas increased its position in Federal Signal Corp. by 8.0% in the second quarter. Teacher Retirement System of Texas now owns 8,676 shares of the company’s stock worth $112,000 after buying an additional 639 shares during the last quarter. Societe Generale acquired a new position in Federal Signal Corp. during the second quarter worth about $151,000. SG Americas Securities LLC acquired a new position in Federal Signal Corp. during the second quarter worth about $151,000. Princeton Alpha Management LP acquired a new position in Federal Signal Corp. during the second quarter worth about $242,000. Finally, BNP Paribas Arbitrage SA increased its position in Federal Signal Corp. by 88.8% in the second quarter. BNP Paribas Arbitrage SA now owns 20,578 shares of the company’s stock worth $265,000 after buying an additional 9,679 shares during the last quarter. Institutional investors own 83.37% of the company’s stock.
Shares of Federal Signal Corp. (NYSE:FSS) opened at 13.00 on Friday. The company has a 50-day moving average of $13.16 and a 200 day moving average of $13.14. The company has a market capitalization of $779.13 million, a P/E ratio of 15.26 and a beta of 1.27. Federal Signal Corp. has a 12 month low of $11.16 and a 12 month high of $17.23.
Federal Signal Corp. (NYSE:FSS) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.02. Federal Signal Corp. had a net margin of 7.19% and a return on equity of 13.54%. The firm earned $172.30 million during the quarter, compared to the consensus estimate of $180.05 million. During the same period in the prior year, the business earned $0.29 EPS. The company’s revenue for the quarter was down 16.1% compared to the same quarter last year. Analysts forecast that Federal Signal Corp. will post $0.70 EPS for the current year.
A number of research firms have recently issued reports on FSS. Zacks Investment Research downgraded shares of Federal Signal Corp. from a “hold” rating to a “sell” rating in a research report on Monday, August 1st. TheStreet downgraded shares of Federal Signal Corp. from a “buy” rating to a “hold” rating in a research report 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.