Macquarie Group Ltd. Has $41 Million Holdings in Federal Signal Co. (NYSE:FSS)

Macquarie Group Ltd. grew its holdings in Federal Signal Co. (NYSE:FSS) by 11.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,760,311 shares of the conglomerate’s stock after purchasing an additional 187,150 shares during the period. Macquarie Group Ltd. owned approximately 2.92% of Federal Signal worth $40,998,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Federal Signal in the 1st quarter valued at $187,000. US Bancorp DE lifted its stake in shares of Federal Signal by 41.8% in the 1st quarter. US Bancorp DE now owns 8,762 shares of the conglomerate’s stock valued at $193,000 after purchasing an additional 2,581 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Federal Signal in the 2nd quarter valued at $204,000. Cubist Systematic Strategies LLC acquired a new position in shares of Federal Signal in the 2nd quarter valued at $206,000. Finally, Verition Fund Management LLC acquired a new position in shares of Federal Signal in the 1st quarter valued at $214,000. 87.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of Federal Signal stock opened at $25.95 on Tuesday. Federal Signal Co. has a 52 week low of $18.37 and a 52 week high of $28.32. The company has a current ratio of 2.15, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.61 billion, a PE ratio of 30.28 and a beta of 1.31.

Federal Signal (NYSE:FSS) last posted its earnings results on Tuesday, August 7th. The conglomerate reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.12. Federal Signal had a return on equity of 15.24% and a net margin of 7.97%. The firm had revenue of $291.00 million for the quarter, compared to analyst estimates of $271.83 million. Equities analysts forecast that Federal Signal Co. will post 1.32 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised Federal Signal from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research note on Thursday, August 9th.

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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