Federal Signal Co. (NYSE:FSS) Stake Raised by Algert Global LLC

Algert Global LLC boosted its holdings in Federal Signal Co. (NYSE:FSS) by 45.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 65,977 shares of the conglomerate’s stock after acquiring an additional 20,730 shares during the quarter. Algert Global LLC owned about 0.11% of Federal Signal worth $6,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cerity Partners LLC raised its position in Federal Signal by 12.8% in the third quarter. Cerity Partners LLC now owns 44,712 shares of the conglomerate’s stock worth $4,179,000 after acquiring an additional 5,070 shares in the last quarter. Citigroup Inc. raised its position in Federal Signal by 39.3% in the third quarter. Citigroup Inc. now owns 82,664 shares of the conglomerate’s stock worth $7,726,000 after acquiring an additional 23,310 shares in the last quarter. Raymond James Trust N.A. raised its position in Federal Signal by 7.7% in the third quarter. Raymond James Trust N.A. now owns 3,038 shares of the conglomerate’s stock worth $284,000 after acquiring an additional 216 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Federal Signal by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock worth $71,875,000 after acquiring an additional 31,517 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in Federal Signal by 44.4% during the 3rd quarter. Intech Investment Management LLC now owns 32,939 shares of the conglomerate’s stock worth $3,078,000 after buying an additional 10,134 shares during the period. 92.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, DA Davidson reduced their price objective on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th.

Federal Signal Price Performance

FSS stock opened at $95.87 on Friday. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a one year low of $68.02 and a one year high of $102.18. The firm has a market capitalization of $5.86 billion, a PE ratio of 27.79 and a beta of 0.95. The firm has a 50-day moving average of $89.85 and a two-hundred day moving average of $89.36.

Federal Signal (NYSE:FSS) last issued its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The company had revenue of $474.20 million for the quarter, compared to the consensus estimate of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. On average, analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.50%. The ex-dividend date is Friday, November 15th. Federal Signal’s dividend payout ratio is currently 13.91%.

Insider Transactions at Federal Signal

In other news, Director Brenda Reichelderfer sold 25,685 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the completion of the sale, the director now directly owns 57,417 shares of the company’s stock, valued at $5,339,206.83. This trade represents a 30.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is currently owned by company insiders.

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.