Citigroup Inc. Purchases 23,310 Shares of Federal Signal Co. (NYSE:FSS)

Citigroup Inc. grew its position in Federal Signal Co. (NYSE:FSS - Free Report) by 39.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,664 shares of the conglomerate's stock after acquiring an additional 23,310 shares during the quarter. Citigroup Inc. owned 0.14% of Federal Signal worth $7,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in shares of Federal Signal by 113.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate's stock valued at $37,200,000 after acquiring an additional 211,555 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Federal Signal by 77.8% in the 2nd quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate's stock valued at $37,298,000 after purchasing an additional 195,017 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of Federal Signal by 20.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate's stock worth $76,340,000 after purchasing an additional 153,765 shares during the period. PineStone Asset Management Inc. bought a new position in shares of Federal Signal during the 2nd quarter valued at approximately $11,982,000. Finally, F M Investments LLC purchased a new stake in Federal Signal during the 2nd quarter valued at $11,058,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Trading Down 0.5 %

Federal Signal stock traded down $0.47 during midday trading on Friday, reaching $97.41. The stock had a trading volume of 264,751 shares, compared to its average volume of 503,888. Federal Signal Co. has a 52-week low of $68.02 and a 52-week high of $102.18. The company has a fifty day moving average of $90.65 and a 200 day moving average of $89.75. The firm has a market cap of $5.95 billion, a price-to-earnings ratio of 28.28 and a beta of 0.95. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, topping 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 return on equity of 18.46% and a net margin of 11.57%. The company's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. On average, analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

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

Analyst Ratings Changes

Separately, DA Davidson cut their price objective 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 Company 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.