6,255 Shares in Federal Signal Co. (NYSE:FSS) Bought by MQS Management LLC

MQS Management LLC purchased a new stake in Federal Signal Co. (NYSE:FSS - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,255 shares of the conglomerate's stock, valued at approximately $585,000.

Several other institutional investors have also recently made changes to their positions in FSS. SG Americas Securities LLC purchased a new stake in Federal Signal in the 1st quarter valued at $478,000. Russell Investments Group Ltd. lifted its holdings in Federal Signal by 24.2% during the first quarter. Russell Investments Group Ltd. now owns 62,943 shares of the conglomerate's stock worth $5,342,000 after acquiring an additional 12,258 shares during the period. ProShare Advisors LLC boosted its position in Federal Signal by 7.4% in the first quarter. ProShare Advisors LLC now owns 12,109 shares of the conglomerate's stock worth $1,028,000 after purchasing an additional 832 shares during the last quarter. Entropy Technologies LP bought a new position in Federal Signal in the 1st quarter valued at $369,000. Finally, Koshinski Asset Management Inc. bought a new stake in shares of Federal Signal during the 1st quarter worth $300,000. Institutional investors and hedge funds own 92.73% of the company's stock.

Federal Signal Price Performance

Shares of Federal Signal stock traded up $1.21 on Wednesday, reaching $92.41. The stock had a trading volume of 484,962 shares, compared to its average volume of 355,317. The business's 50 day moving average is $88.72 and its two-hundred day moving average is $88.92. The company has a market cap of $5.65 billion, a P/E ratio of 26.79 and a beta of 0.95. Federal Signal Co. has a 1 year low of $66.04 and a 1 year high of $102.18. 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 (NYSE:FSS - Get Free Report) last posted its earnings results on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, topping 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 revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. As a group, research analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.12 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.48 annualized dividend and a yield of 0.52%. Federal Signal's dividend payout ratio (DPR) is presently 13.91%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reduced their price objective on Federal Signal from $94.00 to $90.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th.

Insider Buying and Selling

In other news, Director Brenda Reichelderfer sold 25,685 shares of the company's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $92.99, for a total value of $2,388,448.15. Following the completion of the transaction, the director now directly owns 57,417 shares in the company, valued at approximately $5,339,206.83. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is 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.