Federal Signal Co. (NYSE:FSS) Holdings Increased by State Street Corp

State Street Corp boosted its position in shares of Federal Signal Co. (NYSE:FSS) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,293,775 shares of the conglomerate’s stock after buying an additional 25,080 shares during the quarter. State Street Corp owned 3.75% of Federal Signal worth $214,376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Federal Signal in the 3rd quarter worth approximately $29,000. Quarry LP grew its holdings in shares of Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after buying an additional 183 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Federal Signal during the second quarter valued at $62,000. Millburn Ridgefield Corp purchased a new stake in Federal Signal in the 3rd quarter worth about $70,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Federal Signal during the 2nd quarter worth about $84,000. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Trading Down 0.0 %

NYSE FSS opened at $97.37 on Thursday. 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 1-year low of $71.29 and a 1-year high of $102.18. The firm’s fifty day simple moving average is $91.49 and its 200-day simple moving average is $90.41. The company has a market capitalization of $5.95 billion, a PE ratio of 28.22 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 EPS for the quarter, beating the consensus estimate of $0.84 by $0.04. The business had revenue of $474.20 million during 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%. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. As a group, sell-side analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Federal Signal Company 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.