6,255 Shares in Federal Signal Co. (NYSE:FSS) Purchased by MQS Management LLC

MQS Management LLC acquired a new stake in shares of Federal Signal Co. (NYSE:FSS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,255 shares of the conglomerate’s stock, valued at approximately $585,000.

Other large investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Federal Signal in the third quarter valued at $29,000. Point72 DIFC Ltd bought a new position in Federal Signal during the 2nd quarter valued at about $62,000. Covestor Ltd boosted its position in Federal Signal by 223.6% in the first quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock valued at $76,000 after buying an additional 617 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Federal Signal during the second quarter worth about $84,000. Finally, GAMMA Investing LLC increased 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 worth $89,000 after buying an additional 400 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Stock Performance

Federal Signal stock opened at $91.20 on Wednesday. Federal Signal Co. has a 12-month low of $65.23 and a 12-month high of $102.18. The stock has a 50-day simple moving average of $88.66 and a 200 day simple moving average of $88.87. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 26.43 and a beta of 0.95.

Federal Signal (NYSE:FSS) last announced its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. During the same period in the prior year, the business earned $0.71 earnings per share. Federal Signal’s quarterly revenue was up 6.2% on a year-over-year basis. On average, research analysts anticipate that Federal Signal Co. will post 3.33 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal’s dividend payout ratio (DPR) is 13.91%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson dropped their price target on Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th.

Insider Activity at Federal Signal

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal stock in a transaction on Friday, August 30th. The shares were sold at an average price of $92.99, for a total transaction 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 approximately $5,339,206.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.10% of the stock is currently owned by company insiders.

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.