Edgestream Partners L.P. Lowers Position in Federal Signal Co. (NYSE:FSS)

Edgestream Partners L.P. trimmed its stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 80.0% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 16,189 shares of the conglomerate's stock after selling 64,635 shares during the quarter. Edgestream Partners L.P.'s holdings in Federal Signal were worth $1,513,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FSS. Verition Fund Management LLC acquired a new position in shares of Federal Signal during the 3rd quarter worth $495,000. Captrust Financial Advisors increased its holdings in Federal Signal by 14.9% in the 3rd quarter. Captrust Financial Advisors now owns 14,070 shares of the conglomerate's stock worth $1,315,000 after purchasing an additional 1,829 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Federal Signal by 17.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate's stock worth $14,246,000 after purchasing an additional 22,821 shares in the last quarter. Glenmede Trust Co. NA increased its holdings in Federal Signal by 3.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 8,321 shares of the conglomerate's stock worth $778,000 after purchasing an additional 244 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in Federal Signal by 5.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 56,789 shares of the conglomerate's stock worth $5,308,000 after purchasing an additional 2,969 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Price Performance

FSS traded up $1.45 on Wednesday, reaching $99.78. The stock had a trading volume of 213,471 shares, compared to its average volume of 356,189. The firm has a 50-day moving average of $90.89 and a 200-day moving average of $89.96. Federal Signal Co. has a fifty-two week low of $69.30 and a fifty-two week high of $102.18. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 28.50 and a beta of 0.99. 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 (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.04. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. During the same quarter in the previous year, the company posted $0.71 EPS. The business's revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were given a $0.12 dividend. 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 0.48%. Federal Signal's dividend payout ratio (DPR) is presently 13.91%.

Wall Street Analyst Weigh In

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 report on Tuesday, November 5th.

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.