APG Asset Management N.V. Grows Stock Holdings in Federal Signal Co. (NYSE:FSS)

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APG Asset Management N.V. increased its holdings in Federal Signal Co. (NYSE:FSS) by 43.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,500 shares of the conglomerate’s stock after acquiring an additional 28,500 shares during the period. APG Asset Management N.V. owned about 0.16% of Federal Signal worth $2,196,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN increased its stake in Federal Signal by 129.4% in the 2nd quarter. Wells Fargo & Company MN now owns 362,557 shares of the conglomerate’s stock valued at $9,698,000 after buying an additional 204,479 shares during the last quarter. Hillcrest Asset Management LLC increased its stake in Federal Signal by 35.7% in the 1st quarter. Hillcrest Asset Management LLC now owns 531,384 shares of the conglomerate’s stock valued at $13,811,000 after buying an additional 139,924 shares during the last quarter. State of Wisconsin Investment Board increased its stake in Federal Signal by 26.0% in the 1st quarter. State of Wisconsin Investment Board now owns 472,350 shares of the conglomerate’s stock valued at $12,276,000 after buying an additional 97,350 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Federal Signal by 50.6% during the 2nd quarter. First Trust Advisors LP now owns 269,223 shares of the conglomerate’s stock worth $7,202,000 after purchasing an additional 90,418 shares during the last quarter. Finally, ClariVest Asset Management LLC increased its stake in shares of Federal Signal by 60.8% during the 1st quarter. ClariVest Asset Management LLC now owns 236,050 shares of the conglomerate’s stock worth $6,136,000 after purchasing an additional 89,225 shares during the last quarter. Institutional investors own 88.88% of the company’s stock.

Several equities research analysts have recently issued reports on FSS shares. ValuEngine lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Wednesday.

Shares of FSS stock traded up $1.15 during trading hours on Friday, hitting $32.09. 400,308 shares of the company were exchanged, compared to its average volume of 452,535. The firm has a fifty day simple moving average of $31.27 and a 200 day simple moving average of $28.04. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 22.44 and a beta of 1.60. Federal Signal Co. has a 52-week low of $18.59 and a 52-week high of $34.12. The company has a current ratio of 2.21, a quick ratio of 1.17 and a debt-to-equity ratio of 0.39.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Wednesday, July 31st. The conglomerate reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.09. The company had revenue of $324.30 million during the quarter, compared to the consensus estimate of $305.40 million. Federal Signal had a net margin of 9.11% and a return on equity of 17.99%. Federal Signal’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $0.45 EPS. Sell-side analysts anticipate that Federal Signal Co. will post 1.72 EPS for the current year.

In other Federal Signal news, VP Svetlana Vinokur sold 10,818 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $32.30, for a total value of $349,421.40. Following the completion of the transaction, the vice president now directly owns 23,774 shares of the company’s stock, valued at approximately $767,900.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard R. Mudge sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $29.50, for a total transaction of $295,000.00. Following the completion of the transaction, the director now directly owns 87,678 shares of the company’s stock, valued at $2,586,501. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 113,639 shares of company stock valued at $3,538,690. 4.00% of the stock is owned by insiders.

About Federal Signal

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.

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

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