Mitsubishi UFJ Asset Management UK Ltd. Sells 3,000 Shares of Federal Signal Co. (NYSE:FSS)

Mitsubishi UFJ Asset Management UK Ltd. reduced its position in shares of Federal Signal Co. (NYSE:FSS) by 37.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,000 shares of the conglomerate’s stock after selling 3,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Federal Signal were worth $462,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of Federal Signal during the 3rd quarter valued at approximately $29,000. Quarry LP raised its stake 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 acquiring an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Federal Signal during the 3rd quarter valued at about $46,000. Point72 DIFC Ltd bought a new position in Federal Signal during the 2nd quarter valued at approximately $62,000. Finally, Millburn Ridgefield Corp purchased a new stake in shares of Federal Signal in the 3rd quarter worth about $70,000. 92.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Federal Signal Trading Up 2.0 %

NYSE:FSS opened at $99.15 on Wednesday. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 28.74 and a beta of 1.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The business has a fifty day moving average price of $94.74 and a 200-day moving average price of $92.19. Federal Signal Co. has a one year low of $74.40 and a one year high of $102.18.

Federal Signal (NYSE:FSS) last issued 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 business had revenue of $474.20 million for the quarter, compared to the consensus estimate of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Sell-side analysts forecast that Federal Signal Co. will post 3.34 EPS 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.