Federal Signal Co. (NYSE:FSS) Shares Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. boosted its position in Federal Signal Co. (NYSE:FSS) by 142.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,549 shares of the conglomerate’s stock after purchasing an additional 3,262 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Federal Signal were worth $519,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FSS. Jane Street Group LLC boosted its stake in Federal Signal by 6.7% during the first quarter. Jane Street Group LLC now owns 47,030 shares of the conglomerate’s stock valued at $3,991,000 after buying an additional 2,947 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Federal Signal by 60.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate’s stock valued at $89,000 after purchasing an additional 400 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Federal Signal by 615.7% in the 2nd quarter. SG Americas Securities LLC now owns 40,292 shares of the conglomerate’s stock worth $3,371,000 after purchasing an additional 34,662 shares during the last quarter. Diversified Trust Co grew its stake in shares of Federal Signal by 11.0% in the 2nd quarter. Diversified Trust Co now owns 4,941 shares of the conglomerate’s stock worth $413,000 after purchasing an additional 490 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Federal Signal by 2.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate’s stock worth $530,000 after purchasing an additional 180 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

Federal Signal Stock Performance

Shares of NYSE FSS opened at $98.16 on Tuesday. The stock’s fifty day simple moving average is $90.78 and its 200 day simple moving average is $89.87. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 28.45 and a beta of 0.99. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 52-week low of $69.30 and a 52-week high of $102.18.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.04. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm had revenue of $474.20 million for the quarter, compared to the consensus estimate of $481.71 million. During the same quarter in the previous year, the company earned $0.71 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a $0.12 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.49%. Federal Signal’s dividend payout ratio (DPR) is presently 13.91%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson decreased their price target 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 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.