Connor Clark & Lunn Investment Management Ltd. decreased its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 93.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,157 shares of the conglomerate's stock after selling 32,748 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Federal Signal were worth $202,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Conestoga Capital Advisors LLC lifted its position in Federal Signal by 2.6% in the third quarter. Conestoga Capital Advisors LLC now owns 1,389,045 shares of the conglomerate's stock worth $129,820,000 after buying an additional 35,167 shares during the last quarter. Driehaus Capital Management LLC boosted its stake 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 purchasing an additional 153,765 shares during the period. Global Alpha Capital Management Ltd. boosted its stake in shares of Federal Signal by 1.5% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 602,613 shares of the conglomerate's stock worth $56,320,000 after purchasing an additional 9,100 shares during the period. Bank of New York Mellon Corp grew its holdings in Federal Signal by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 524,869 shares of the conglomerate's stock valued at $43,916,000 after purchasing an additional 11,685 shares during the last quarter. Finally, Millennium Management LLC raised its position in Federal Signal by 77.8% in the 2nd quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate's stock worth $37,298,000 after purchasing an additional 195,017 shares during the period. Institutional investors own 92.73% of the company's stock.
Wall Street Analyst Weigh In
Separately, DA Davidson decreased their price target 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.
View Our Latest Report on Federal Signal
Federal Signal Trading Up 0.8 %
FSS traded up $0.75 on Monday, reaching $98.16. 361,121 shares of the company traded hands, compared to its average volume of 357,400. 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 company has a market cap of $6.00 billion, a P/E ratio of 28.45 and a beta of 0.95. The firm has a fifty day simple moving average of $90.78 and a two-hundred day simple moving average of $89.87. Federal Signal Co. has a one year low of $69.30 and a one year high of $102.18.
Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.04. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company had revenue of $474.20 million for the quarter, compared to analysts' expectations of $481.71 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. Federal Signal's revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current year.
Federal Signal Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal's dividend payout ratio (DPR) is 13.91%.
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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