Point72 DIFC Ltd Raises Holdings in Federal Signal Co. (NYSE:FSS)

Point72 DIFC Ltd lifted its holdings in Federal Signal Co. (NYSE:FSS) by 923.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,591 shares of the conglomerate’s stock after buying an additional 6,849 shares during the quarter. Point72 DIFC Ltd’s holdings in Federal Signal were worth $709,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in shares of Federal Signal during the 3rd quarter worth $29,000. Millburn Ridgefield Corp acquired a new stake in shares of Federal Signal in the third quarter valued at about $70,000. Canada Pension Plan Investment Board purchased a new stake in Federal Signal during the second quarter worth about $84,000. GAMMA Investing LLC grew its position in 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 during the period. Finally, Fifth Third Bancorp increased its holdings in Federal Signal by 30.1% in the second quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate’s stock valued at $94,000 after buying an additional 260 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Trading Down 2.1 %

NYSE:FSS opened at $97.59 on Friday. Federal Signal Co. has a 52-week low of $69.36 and a 52-week high of $102.18. 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 fifty day simple moving average of $91.12 and a 200-day simple moving average of $90.08. The company has a market capitalization of $5.96 billion, a PE ratio of 28.29 and a beta of 0.99.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $481.71 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities research analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

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

Wall Street Analyst Weigh In

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

About Federal Signal

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.