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

Park Avenue Securities LLC lifted its holdings in shares of Federal Signal Co. (NYSE:FSS) by 25.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,792 shares of the conglomerate’s stock after acquiring 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.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in Federal Signal during the 3rd quarter worth approximately $29,000. Quarry LP boosted its position in shares of Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after buying an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Federal Signal during the third quarter valued at approximately $46,000. Point72 DIFC Ltd bought a new stake in Federal Signal during the second quarter worth $62,000. Finally, Millburn Ridgefield Corp purchased a new stake in Federal Signal in the 3rd quarter valued at $70,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analysts Set New Price Targets

FSS has been the topic of a number of analyst reports. StockNews.com raised shares of Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, December 28th. DA Davidson cut their price target on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Raymond James reissued an “outperform” rating and set a $110.00 target price on shares of Federal Signal in a research report on Tuesday, December 24th.

Federal Signal Stock Up 2.1 %

Shares of NYSE:FSS opened at $101.34 on Friday. Federal Signal Co. has a 1 year low of $74.40 and a 1 year high of $102.18. The company has a market capitalization of $6.19 billion, a PE ratio of 29.37 and a beta of 1.01. The business has a fifty day moving average price of $95.04 and a two-hundred day moving average price of $92.35. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. The company had revenue of $474.20 million during 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 firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. Analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current year.

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.