Dynamic Technology Lab Private Ltd increased its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 105.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,300 shares of the conglomerate's stock after purchasing an additional 7,850 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Federal Signal were worth $1,430,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. Algert Global LLC raised its holdings in shares of Federal Signal by 45.8% during the 3rd quarter. Algert Global LLC now owns 65,977 shares of the conglomerate's stock valued at $6,166,000 after buying an additional 20,730 shares during the period. Cerity Partners LLC raised its stake in shares of Federal Signal by 12.8% during the third quarter. Cerity Partners LLC now owns 44,712 shares of the conglomerate's stock valued at $4,179,000 after purchasing an additional 5,070 shares during the period. Citigroup Inc. lifted its position in shares of Federal Signal by 39.3% during the third quarter. Citigroup Inc. now owns 82,664 shares of the conglomerate's stock worth $7,726,000 after purchasing an additional 23,310 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Federal Signal by 7.7% in the third quarter. Raymond James Trust N.A. now owns 3,038 shares of the conglomerate's stock valued at $284,000 after purchasing an additional 216 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Federal Signal by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate's stock valued at $71,875,000 after purchasing an additional 31,517 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Federal Signal
In other Federal Signal 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 transaction of $2,388,448.15. Following the completion of the sale, the director now owns 57,417 shares in the company, valued at $5,339,206.83. The trade was a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is currently owned by insiders.
Federal Signal Stock Up 0.2 %
Shares of Federal Signal stock traded up $0.18 on Tuesday, hitting $97.72. 230,820 shares of the company's stock traded hands, compared to its average volume of 357,984. Federal Signal Co. has a 52-week low of $68.02 and a 52-week high of $102.18. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The stock has a market cap of $5.97 billion, a P/E ratio of 28.27 and a beta of 0.95. The firm's 50-day moving average is $90.07 and its 200 day moving average is $89.49.
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, beating 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 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 EPS. Equities analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current year.
Federal Signal Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.49%. The ex-dividend date is Friday, November 15th. Federal Signal's dividend payout ratio is currently 13.91%.
Wall Street Analysts Forecast Growth
Separately, DA Davidson lowered their target price 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.
Check Out Our Latest Report on FSS
About Federal Signal
(
Free Report)
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.
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