Bank of Montreal Can Decreases Stake in Federal Signal Co. (NYSE:FSS)

Bank of Montreal Can trimmed its position in Federal Signal Co. (NYSE:FSS - Free Report) by 59.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,748 shares of the conglomerate's stock after selling 59,053 shares during the period. Bank of Montreal Can owned approximately 0.07% of Federal Signal worth $3,697,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

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

Federal Signal Stock Performance

FSS stock traded down $2.11 during trading on Thursday, hitting $97.59. 266,858 shares of the company traded hands, compared to its average volume of 355,808. The company has a market cap of $5.96 billion, a PE ratio of 28.92 and a beta of 0.99. Federal Signal Co. has a 1 year low of $69.36 and a 1 year high of $102.18. The stock's 50-day simple moving average is $91.02 and its 200 day simple moving average is $90.03. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 earnings per share. On average, equities analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

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