Barclays PLC Raises Stock Position in Federal Signal Co. (NYSE:FSS)

Barclays PLC increased its stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 338.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,188 shares of the conglomerate's stock after purchasing an additional 112,092 shares during the period. Barclays PLC owned approximately 0.24% of Federal Signal worth $13,569,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC bought a new stake in Federal Signal in the 3rd quarter worth approximately $28,863,000. Assenagon Asset Management S.A. grew its holdings in shares of Federal Signal by 113.4% in the third quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate's stock worth $37,200,000 after acquiring an additional 211,555 shares during the period. Millennium Management LLC grew its holdings in shares of Federal Signal by 77.8% in the second quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate's stock worth $37,298,000 after acquiring an additional 195,017 shares during the period. Driehaus Capital Management LLC increased its position in Federal Signal by 20.3% during the second quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate's stock valued at $76,340,000 after acquiring an additional 153,765 shares during the last quarter. Finally, F M Investments LLC bought a new position in Federal Signal in the second quarter valued at about $11,058,000. Institutional investors own 92.73% of the company's stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson cut their price target on 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 Stock Performance

FSS stock traded up $1.13 during midday trading on Monday, reaching $97.60. 269,562 shares of the company's stock traded hands, compared to its average volume of 354,800. 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 52-week low of $71.29 and a 52-week high of $102.18. The stock has a market cap of $5.96 billion, a P/E ratio of 28.23 and a beta of 0.99. The stock's 50-day moving average is $91.75 and its 200 day moving average is $90.59.

Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, topping the consensus estimate of $0.84 by $0.04. The firm had revenue of $474.20 million during the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Federal Signal's revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS. As a group, analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

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