Federal Signal Corporation $FSS Stock Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. trimmed its position in shares of Federal Signal Corporation (NYSE:FSS) by 11.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 603,259 shares of the conglomerate’s stock after selling 78,786 shares during the period. Federal Signal accounts for approximately 2.4% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 16th biggest position. Van Berkom & Associates Inc. owned approximately 0.99% of Federal Signal worth $66,835,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in shares of Federal Signal in the 3rd quarter valued at about $25,000. Richardson Financial Services Inc. lifted its stake in Federal Signal by 67.7% in the 3rd quarter. Richardson Financial Services Inc. now owns 265 shares of the conglomerate’s stock valued at $29,000 after purchasing an additional 107 shares during the last quarter. Allworth Financial LP bought a new position in Federal Signal during the second quarter worth about $33,000. Ancora Advisors LLC bought a new position in Federal Signal during the second quarter worth about $34,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Federal Signal by 44.3% during the first quarter. EverSource Wealth Advisors LLC now owns 417 shares of the conglomerate’s stock worth $45,000 after purchasing an additional 128 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Stock Performance

FSS opened at $117.53 on Tuesday. The business has a fifty day simple moving average of $114.77 and a 200 day simple moving average of $115.72. The company has a market capitalization of $7.17 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22. Federal Signal Corporation has a 1 year low of $101.18 and a 1 year high of $134.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.96 and a quick ratio of 1.35.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, October 29th. The conglomerate reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.02. The firm had revenue of $655.50 million for the quarter, compared to analysts’ expectations of $661.61 million. Federal Signal had a return on equity of 21.31% and a net margin of 11.65%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.14 EPS. Research analysts expect that Federal Signal Corporation will post 5.24 EPS for the current year.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 13th. This represents a $0.60 annualized dividend and a dividend yield of 0.5%. Federal Signal’s dividend payout ratio is 12.45%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FSS. Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. DA Davidson decreased their target price on Federal Signal from $132.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, November 2nd. Wall Street Zen cut Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings raised Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Citigroup reduced their price objective on shares of Federal Signal from $150.00 to $135.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $135.25.

Federal Signal Profile

Federal Signal Corporation designs and manufactures products and equipment for environmental services, public safety and security. Its customers include municipalities, contractors, industrial businesses and public safety organizations.

Through its Environmental Solutions Group, the company makes street sweepers, sewer cleaners, industrial vacuum loaders, waterblasting equipment and related vehicles and services. Its Safety and Security Systems Group provides warning sirens, emergency vehicle equipment and systems for public notification and communication.

Founded in 1901, Federal Signal serves customers in North America and international markets.