Global Alpha Capital Management Ltd. increased its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 1.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 602,613 shares of the conglomerate's stock after acquiring an additional 9,100 shares during the quarter. Federal Signal accounts for approximately 3.7% of Global Alpha Capital Management Ltd.'s portfolio, making the stock its 9th largest position. Global Alpha Capital Management Ltd. owned approximately 0.99% of Federal Signal worth $56,320,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. V Square Quantitative Management LLC bought a new stake in shares of Federal Signal during the third quarter valued at about $29,000. Point72 DIFC Ltd bought a new stake in shares of Federal Signal during the second quarter valued at about $62,000. Covestor Ltd increased its position in shares of Federal Signal by 223.6% during the first quarter. Covestor Ltd now owns 893 shares of the conglomerate's stock valued at $76,000 after buying an additional 617 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Federal Signal during the second quarter valued at about $84,000. Finally, GAMMA Investing LLC increased its position in shares of Federal Signal by 60.4% during 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 period. Institutional investors own 92.73% of the company's stock.
Insiders Place Their Bets
In other news, Director Brenda Reichelderfer sold 25,685 shares of the firm's 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 completion of the transaction, the director now directly owns 57,417 shares in the company, valued at $5,339,206.83. This trade represents a 30.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by corporate insiders.
Federal Signal Price Performance
FSS traded up $0.31 during midday trading on Wednesday, hitting $91.66. The stock had a trading volume of 451,554 shares, compared to its average volume of 357,258. The company has a market cap of $5.60 billion, a P/E ratio of 26.24 and a beta of 0.95. Federal Signal Co. has a 1 year low of $68.02 and a 1 year high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The business has a fifty day moving average of $89.36 and a 200 day moving average of $89.23.
Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 earnings per share 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 during the quarter, compared to analyst estimates of $481.71 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business's quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.
Federal Signal Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Friday, November 15th. Federal Signal's payout ratio is 13.91%.
Analyst Upgrades and Downgrades
Separately, DA Davidson decreased their price target on Federal Signal from $94.00 to $90.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 5th.
Read Our Latest Research Report on Federal Signal
Federal Signal Profile
(
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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