Federal Signal Co. (NYSE:FSS) Shares Acquired by PineStone Asset Management Inc.

PineStone Asset Management Inc. boosted its stake in shares of Federal Signal Co. (NYSE:FSS) by 7.6% in the third quarter, HoldingsChannel reports. The firm owned 154,084 shares of the conglomerate’s stock after purchasing an additional 10,884 shares during the quarter. PineStone Asset Management Inc.’s holdings in Federal Signal were worth $14,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FSS. V Square Quantitative Management LLC acquired a new position in shares of Federal Signal during the third quarter valued at $29,000. Point72 DIFC Ltd acquired a new position in Federal Signal during the 2nd quarter valued at about $62,000. Covestor Ltd grew its position in Federal Signal by 223.6% in the 1st quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock worth $76,000 after purchasing an additional 617 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Federal Signal in the second quarter valued at approximately $84,000. Finally, GAMMA Investing LLC raised its holdings in shares of Federal Signal by 60.4% during the second quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate’s stock valued at $89,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insider Activity

In related news, Director Brenda Reichelderfer sold 25,685 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $92.99, for a total value of $2,388,448.15. Following the completion of the sale, the director now owns 57,417 shares of the company’s stock, valued at $5,339,206.83. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.10% of the company’s stock.

Federal Signal Stock Performance

Shares of NYSE FSS opened at $81.58 on Friday. Federal Signal Co. has a 12-month low of $57.29 and a 12-month high of $102.18. The company has a current ratio of 2.89, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23. The company has a market cap of $4.99 billion, a PE ratio of 24.80 and a beta of 0.93. The stock has a 50 day simple moving average of $89.60 and a 200-day simple moving average of $88.58.

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.59%. Federal Signal’s payout ratio is 14.59%.

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.