Principal Financial Group Inc. Has $29.18 Million Holdings in Federal Signal Co. (NYSE:FSS)

Principal Financial Group Inc. trimmed its stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,170 shares of the conglomerate's stock after selling 9,884 shares during the quarter. Principal Financial Group Inc. owned 0.51% of Federal Signal worth $29,175,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Federal Signal during the 1st quarter valued at $478,000. Russell Investments Group Ltd. lifted its stake in shares of Federal Signal by 24.2% during the 1st quarter. Russell Investments Group Ltd. now owns 62,943 shares of the conglomerate's stock worth $5,342,000 after purchasing an additional 12,258 shares during the period. ProShare Advisors LLC lifted its stake in shares of Federal Signal by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 12,109 shares of the conglomerate's stock worth $1,028,000 after purchasing an additional 832 shares during the period. Entropy Technologies LP purchased a new position in shares of Federal Signal during the 1st quarter worth $369,000. Finally, Koshinski Asset Management Inc. purchased a new position in shares of Federal Signal during the 1st quarter worth $300,000. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Trading Up 1.2 %

Shares of FSS traded up $1.11 during trading hours on Wednesday, hitting $92.31. The stock had a trading volume of 111,003 shares, compared to its average volume of 353,617. 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 firm has a market cap of $5.64 billion, a P/E ratio of 26.61 and a beta of 0.95. The company's fifty day simple moving average is $88.66 and its 200 day simple moving average is $88.87. Federal Signal Co. has a 12-month low of $66.04 and a 12-month high of $102.18.

Federal Signal (NYSE:FSS - Get Free Report) last issued its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.04. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business's quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the company posted $0.71 EPS. Equities research analysts forecast that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.52%. The ex-dividend date is Friday, November 15th. Federal Signal's dividend payout ratio (DPR) is presently 13.91%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson cut their target price 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.

Insider Buying and Selling at Federal Signal

In other news, Director Brenda Reichelderfer sold 25,685 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 57,417 shares in the company, valued at $5,339,206.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.10% of the stock is currently owned by corporate insiders.

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.