EULAV Asset Management Boosts Stock Holdings in Federal Signal Co. (NYSE:FSS)

EULAV Asset Management increased its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 15.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,803 shares of the conglomerate's stock after buying an additional 32,000 shares during the period. EULAV Asset Management owned 0.39% of Federal Signal worth $22,505,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of FSS. Assenagon Asset Management S.A. lifted its holdings in shares of Federal Signal by 113.4% during the 3rd 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 raised its holdings in shares of Federal Signal by 77.8% during the 2nd quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate's stock worth $37,298,000 after buying an additional 195,017 shares in the last quarter. Driehaus Capital Management LLC lifted its position in shares of Federal Signal by 20.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate's stock worth $76,340,000 after buying an additional 153,765 shares during the last quarter. PineStone Asset Management Inc. bought a new position in Federal Signal in the second quarter valued at about $11,982,000. Finally, F M Investments LLC acquired a new position in Federal Signal during the second quarter worth about $11,058,000. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Trading Up 0.3 %

Shares of NYSE FSS traded up $0.31 during midday trading on Wednesday, reaching $91.66. The stock had a trading volume of 451,554 shares, compared to its average volume of 357,258. Federal Signal Co. has a twelve month low of $68.02 and a twelve month high of $102.18. The company's 50 day moving average price is $89.36 and its 200 day moving average price is $89.23. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 26.24 and a beta of 0.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.

Federal Signal (NYSE:FSS - Get Free Report) last released its earnings results 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 company had revenue of $474.20 million for the quarter, compared to the consensus estimate of $481.71 million. During the same quarter in the previous year, the company earned $0.71 EPS. Federal Signal's quarterly revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts expect 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 will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, November 15th. This represents a $0.48 annualized dividend and a yield of 0.52%. Federal Signal's dividend payout ratio (DPR) is currently 13.91%.

Analyst Ratings Changes

Separately, DA Davidson lowered their price target on shares of Federal Signal from $94.00 to $90.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th.

Insider Transactions at Federal Signal

In other news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal stock in a transaction on Friday, August 30th. The stock was sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the sale, the director now directly owns 57,417 shares in the company, valued at $5,339,206.83. The trade was a 30.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.10% of the company's stock.

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.