Royce & Associates LP decreased its position in shares of Federal Signal Corporation (NYSE:FSS) by 12.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 970,013 shares of the conglomerate’s stock after selling 142,211 shares during the period. Royce & Associates LP owned about 1.62% of Federal Signal worth $20,642,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of FSS. IFP Advisors Inc increased its holdings in shares of Federal Signal by 12,320.0% during the second quarter. IFP Advisors Inc now owns 6,831 shares of the conglomerate’s stock worth $119,000 after buying an additional 6,776 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Federal Signal during the third quarter worth approximately $120,000. Pinebridge Investments L.P. increased its holdings in shares of Federal Signal by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock worth $137,000 after buying an additional 86 shares in the last quarter. First Quadrant L P CA acquired a new stake in shares of Federal Signal during the third quarter worth approximately $187,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Federal Signal during the third quarter worth approximately $212,000. 84.12% of the stock is owned by institutional investors.
Shares of Federal Signal Corporation (FSS) opened at $20.26 on Monday. The company has a quick ratio of 1.23, a current ratio of 2.37 and a debt-to-equity ratio of 0.67. The firm has a market cap of $1,215.27, a P/E ratio of 26.31 and a beta of 1.30. Federal Signal Corporation has a fifty-two week low of $13.07 and a fifty-two week high of $23.64.
Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. The business had revenue of $249.00 million during the quarter, compared to analyst estimates of $240.30 million. Federal Signal had a net margin of 5.30% and a return on equity of 11.39%. Federal Signal’s revenue for the quarter was up 33.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 earnings per share. research analysts expect that Federal Signal Corporation will post 0.81 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, November 13th. Federal Signal’s dividend payout ratio is currently 38.36%.
In related news, Director Dennis J. Martin sold 45,172 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $21.90, for a total value of $989,266.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brenda Reichelderfer sold 45,721 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $20.76, for a total transaction of $949,167.96. The disclosure for this sale can be found here. In the last three months, insiders sold 110,172 shares of company stock valued at $2,338,207. 4.20% of the stock is currently owned by company insiders.
Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $22.50.
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Federal Signal Profile
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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