Albion Financial Group UT Raises Position in Federal Signal Co. (NYSE:FSS)

Albion Financial Group UT lifted its stake in Federal Signal Co. (NYSE:FSS) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,126 shares of the conglomerate’s stock after purchasing an additional 153 shares during the quarter. Albion Financial Group UT’s holdings in Federal Signal were worth $1,120,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. State Street Corp boosted its stake in Federal Signal by 1.1% during the third quarter. State Street Corp now owns 2,293,775 shares of the conglomerate’s stock worth $214,376,000 after buying an additional 25,080 shares during the period. Geode Capital Management LLC boosted its stake in shares of 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 purchasing an additional 239,789 shares during the period. Conestoga Capital Advisors LLC grew its holdings in Federal Signal by 2.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,389,045 shares of the conglomerate’s stock valued at $129,820,000 after purchasing an additional 35,167 shares during the last quarter. Driehaus Capital Management LLC raised its position in Federal Signal by 20.3% in the 2nd 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. Finally, Charles Schwab Investment Management Inc. lifted its stake in Federal Signal by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock worth $71,875,000 after purchasing an additional 31,517 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

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

Federal Signal Stock Up 2.0 %

Shares of NYSE:FSS opened at $99.15 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $94.74 and its 200 day moving average is $92.19. The stock has a market cap of $6.06 billion, a P/E ratio of 28.74 and a beta of 1.01. Federal Signal Co. has a 52-week low of $74.40 and a 52-week high of $102.18.

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