Perpetual Ltd Purchases 4,160 Shares of Federal Signal Co. (NYSE:FSS)

Perpetual Ltd raised its position in Federal Signal Co. (NYSE:FSS) by 88.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,860 shares of the conglomerate’s stock after purchasing an additional 4,160 shares during the quarter. Perpetual Ltd’s holdings in Federal Signal were worth $819,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in FSS. ArrowMark Colorado Holdings LLC acquired a new position in shares of Federal Signal in the third quarter valued at approximately $28,863,000. 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 during the last quarter. Assenagon Asset Management S.A. increased its position in Federal Signal by 113.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate’s stock valued at $37,200,000 after acquiring an additional 211,555 shares during the period. Millennium Management LLC raised its stake in shares of Federal Signal by 77.8% during the second quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock valued at $37,298,000 after acquiring an additional 195,017 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its holdings in shares of Federal Signal by 20.3% during the second 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. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Price Performance

FSS stock opened at $99.17 on Thursday. 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 company’s fifty day simple moving average is $94.90 and its 200 day simple moving average is $92.30. Federal Signal Co. has a 12-month low of $74.40 and a 12-month high of $102.18. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 28.74 and a beta of 1.01.

Federal Signal (NYSE:FSS) last announced its 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. The company had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.71 EPS. On average, analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current year.

Analysts Set New Price Targets

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

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.