Charles Schwab Investment Management Inc. Purchases 31,517 Shares of Federal Signal Co. (NYSE:FSS)

Charles Schwab Investment Management Inc. grew its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 769,047 shares of the conglomerate's stock after purchasing an additional 31,517 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.26% of Federal Signal worth $71,875,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Janus Henderson Group PLC grew its position in Federal Signal by 197.5% during the 1st quarter. Janus Henderson Group PLC now owns 84,875 shares of the conglomerate's stock worth $7,202,000 after acquiring an additional 56,347 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Federal Signal by 6.7% in the first quarter. Jane Street Group LLC now owns 47,030 shares of the conglomerate's stock valued at $3,991,000 after buying an additional 2,947 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Federal Signal by 60.4% in the second quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate's stock valued at $89,000 after buying an additional 400 shares during the last quarter. SG Americas Securities LLC lifted its position in Federal Signal by 615.7% during the 2nd quarter. SG Americas Securities LLC now owns 40,292 shares of the conglomerate's stock worth $3,371,000 after buying an additional 34,662 shares in the last quarter. Finally, Diversified Trust Co grew its holdings in Federal Signal by 11.0% during the 2nd quarter. Diversified Trust Co now owns 4,941 shares of the conglomerate's stock worth $413,000 after acquiring an additional 490 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, DA Davidson reduced their target price on shares of 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 Trading Down 0.3 %

Shares of FSS stock traded down $0.32 on Friday, reaching $97.56. 264,751 shares of the stock were exchanged, compared to its average volume of 357,384. The stock has a 50 day moving average price of $90.53 and a 200 day moving average price of $89.68. The stock has a market cap of $5.96 billion, a PE ratio of 28.37 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 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 data on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.04. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $474.20 million for the quarter, compared to analysts' expectations of $481.71 million. The business's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. Equities research analysts forecast that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal's payout ratio is presently 13.91%.

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.