Advisors Asset Management Inc. Sells 9,906 Shares of Federal Signal Co. (NYSE:FSS)

Advisors Asset Management Inc. trimmed its position in Federal Signal Co. (NYSE:FSS - Free Report) by 19.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,308 shares of the conglomerate's stock after selling 9,906 shares during the period. Advisors Asset Management Inc. owned about 0.07% of Federal Signal worth $3,954,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of Federal Signal in the third quarter worth approximately $29,000. Point72 DIFC Ltd bought a new stake in shares of Federal Signal during the 2nd quarter valued at $62,000. Canada Pension Plan Investment Board purchased a new stake in shares of Federal Signal in the 2nd quarter worth $84,000. GAMMA Investing LLC raised its holdings in Federal Signal by 60.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate's stock worth $89,000 after purchasing an additional 400 shares during the period. Finally, Fifth Third Bancorp lifted its position in Federal Signal by 30.1% during the second quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate's stock valued at $94,000 after purchasing an additional 260 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, Director Brenda Reichelderfer sold 25,685 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $92.99, for a total value of $2,388,448.15. Following the transaction, the director now owns 57,417 shares of the company's stock, valued at approximately $5,339,206.83. The trade was a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by company insiders.

Federal Signal Stock Performance

NYSE FSS traded up $1.05 on Friday, reaching $95.87. 538,208 shares of the stock were exchanged, compared to its average volume of 522,222. The firm has a market capitalization of $5.86 billion, a PE ratio of 27.79 and a beta of 0.95. Federal Signal Co. has a one year low of $68.02 and a one year high of $102.18. The company's 50-day simple moving average is $89.85 and its two-hundred day simple moving average is $89.36. 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 announced its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, beating the consensus estimate of $0.84 by $0.04. The firm had revenue of $474.20 million for the quarter, compared to the consensus estimate of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company's revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. Analysts expect that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal's dividend payout ratio (DPR) is 13.91%.

About Federal Signal

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.