BW Gestao de Investimentos Ltda. Purchases 2,385 Shares of Federal Signal Corporation (FSS)

BW Gestao de Investimentos Ltda. lifted its position in Federal Signal Corporation (NYSE:FSS) by 17.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,715 shares of the conglomerate’s stock after purchasing an additional 2,385 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in Federal Signal Corporation were worth $273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FSS. BlackRock Inc. raised its stake in shares of Federal Signal Corporation by 45,296.2% in the first quarter. BlackRock Inc. now owns 7,375,976 shares of the conglomerate’s stock valued at $101,863,000 after purchasing an additional 7,359,728 shares in the last quarter. FMR LLC raised its stake in shares of Federal Signal Corporation by 104.4% in the second quarter. FMR LLC now owns 1,591,319 shares of the conglomerate’s stock valued at $27,625,000 after purchasing an additional 812,669 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Federal Signal Corporation by 43.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,394,279 shares of the conglomerate’s stock valued at $33,065,000 after purchasing an additional 721,473 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Federal Signal Corporation by 8.0% in the second quarter. Franklin Resources Inc. now owns 5,279,934 shares of the conglomerate’s stock valued at $91,659,000 after purchasing an additional 391,353 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Federal Signal Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 3,093,986 shares of the conglomerate’s stock valued at $42,728,000 after purchasing an additional 152,335 shares in the last quarter. Institutional investors and hedge funds own 83.71% of the company’s stock.

Separately, Zacks Investment Research lowered Federal Signal Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $21.50.

Shares of Federal Signal Corporation (FSS) traded up 0.47% during mid-day trading on Friday, reaching $21.50. The company’s stock had a trading volume of 62,337 shares. Federal Signal Corporation has a 52-week low of $11.68 and a 52-week high of $21.94. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 32.82 and a beta of 1.38. The firm has a 50 day moving average price of $19.99 and a 200 day moving average price of $17.36.

Federal Signal Corporation (NYSE:FSS) last issued its quarterly earnings results on Tuesday, August 8th. The conglomerate reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Federal Signal Corporation had a return on equity of 10.59% and a net margin of 5.20%. The company had revenue of $224.40 million for the quarter, compared to analyst estimates of $206.53 million. During the same quarter last year, the company posted $0.17 EPS. The company’s revenue for the quarter was up 30.2% compared to the same quarter last year. On average, equities analysts predict that Federal Signal Corporation will post $0.79 EPS for the current fiscal year.

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Federal Signal Corporation Company Profile

Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.

Institutional Ownership by Quarter for Federal Signal Corporation (NYSE:FSS)

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