ArrowMark Colorado Holdings LLC Takes Position in Federal Signal Co. (NYSE:FSS)

ArrowMark Colorado Holdings LLC bought a new stake in shares of Federal Signal Co. (NYSE:FSS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 308,831 shares of the conglomerate’s stock, valued at approximately $28,863,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FSS. V Square Quantitative Management LLC purchased a new stake in shares of Federal Signal in the third quarter valued at $29,000. Point72 DIFC Ltd purchased a new stake in Federal Signal in the 2nd quarter worth about $62,000. Canada Pension Plan Investment Board purchased a new stake in Federal Signal in the 2nd quarter worth about $84,000. GAMMA Investing LLC boosted its position 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 period. Finally, Fifth Third Bancorp raised its holdings in shares of Federal Signal by 30.1% in the second quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate’s stock worth $94,000 after buying an additional 260 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Federal Signal Price Performance

Federal Signal stock opened at $97.41 on Monday. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 28.23 and a beta of 0.99. The firm has a 50-day moving average of $90.65 and a two-hundred day moving average of $89.79. Federal Signal Co. has a 1 year low of $68.02 and a 1 year high of $102.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS) last announced 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. The company had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Federal Signal’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 earnings per share. On average, research analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.12 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.49%. Federal Signal’s payout ratio is currently 13.91%.

Analyst Upgrades and Downgrades

Separately, DA Davidson cut their price objective on 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.