Hantz Financial Services Inc. Makes New Investment in Federal Signal Co. (NYSE:FSS)

Hantz Financial Services Inc. purchased a new stake in shares of Federal Signal Co. (NYSE:FSS) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 22,879 shares of the conglomerate’s stock, valued at approximately $2,114,000.

A number of other institutional investors also recently modified their holdings of the business. Albion Financial Group UT raised its holdings in Federal Signal by 1.3% during the 4th quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate’s stock valued at $1,120,000 after acquiring an additional 153 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Federal Signal by 4.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock worth $399,000 after purchasing an additional 169 shares in the last quarter. Quarry LP boosted its stake in Federal Signal by 73.5% in the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after purchasing an additional 183 shares during the period. Raymond James Trust N.A. grew its holdings in Federal Signal by 7.7% during the 3rd quarter. Raymond James Trust N.A. now owns 3,038 shares of the conglomerate’s stock valued at $284,000 after buying an additional 216 shares in the last quarter. Finally, CWM LLC increased its position in shares of Federal Signal by 23.1% during the third quarter. CWM LLC now owns 1,171 shares of the conglomerate’s stock valued at $109,000 after buying an additional 220 shares during the period. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FSS has been the subject of a number of analyst reports. Raymond James restated an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a research report on Tuesday, December 24th. DA Davidson reduced their price target on shares of 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 research report on Saturday, December 28th.

Federal Signal Price Performance

FSS stock opened at $98.92 on Friday. The firm has a 50 day simple moving average of $95.84 and a two-hundred day simple moving average of $92.78. The stock has a market cap of $6.05 billion, a PE ratio of 28.67 and a beta of 1.01. Federal Signal Co. has a one year low of $76.03 and a one year high of $102.18. 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 released its earnings results on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $481.71 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. On average, analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

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.