JPMorgan Chase & Co. Grows Stock Holdings in Federal Signal Co. (NYSE:FSS)

JPMorgan Chase & Co. boosted its holdings in Federal Signal Co. (NYSE:FSS) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,352 shares of the conglomerate’s stock after buying an additional 2,348 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.28% of Federal Signal worth $15,828,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of Federal Signal by 338.7% in the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock valued at $13,569,000 after acquiring an additional 112,092 shares during the period. Quest Partners LLC grew its holdings in shares of Federal Signal by 4,025.9% during the third quarter. Quest Partners LLC now owns 18,608 shares of the conglomerate’s stock worth $1,739,000 after buying an additional 18,157 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Federal Signal by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock valued at $71,875,000 after acquiring an additional 31,517 shares during the period. EULAV Asset Management raised its stake in Federal Signal by 15.3% during the 3rd quarter. EULAV Asset Management now owns 240,803 shares of the conglomerate’s stock valued at $22,505,000 after acquiring an additional 32,000 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Federal Signal by 17.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate’s stock worth $14,246,000 after acquiring an additional 22,821 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Price Performance

Shares of NYSE FSS opened at $93.00 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. Federal Signal Co. has a one year low of $72.40 and a one year high of $102.18. The firm has a market capitalization of $5.68 billion, a P/E ratio of 26.96 and a beta of 1.01. The company’s fifty day moving average is $93.68 and its two-hundred day moving average is $91.54.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 EPS. Analysts forecast that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. Federal Signal’s dividend payout ratio is presently 13.91%.

Analysts Set New Price Targets

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

Federal Signal Company 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.