Algert Global LLC Raises Stock Holdings in Federal Signal Co. (NYSE:FSS)

Algert Global LLC grew its position in Federal Signal Co. (NYSE:FSS - Free Report) by 45.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 65,977 shares of the conglomerate's stock after buying an additional 20,730 shares during the period. Algert Global LLC owned approximately 0.11% of Federal Signal worth $6,166,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its position in Federal Signal by 113.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate's stock worth $37,200,000 after buying an additional 211,555 shares during the last quarter. Millennium Management LLC lifted its position in Federal Signal by 77.8% during the second quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate's stock valued at $37,298,000 after purchasing an additional 195,017 shares during the period. Driehaus Capital Management LLC grew its position in Federal Signal by 20.3% in 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. PineStone Asset Management Inc. bought a new position in shares of Federal Signal during the 2nd quarter valued at $11,982,000. Finally, F M Investments LLC bought a new position in shares of Federal Signal during the 2nd quarter valued at $11,058,000. Institutional investors own 92.73% of the company's stock.

Federal Signal Stock Performance

FSS traded up $1.05 during trading on Friday, hitting $95.87. The company's stock had a trading volume of 538,208 shares, compared to its average volume of 522,222. Federal Signal Co. has a one year low of $68.02 and a one year high of $102.18. The business's 50 day simple moving average is $89.85 and its 200-day simple moving average is $89.39. 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 firm has a market cap of $5.86 billion, a PE ratio of 27.79 and a beta of 0.95.

Federal Signal (NYSE:FSS - Get Free Report) last released its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, beating 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 the consensus estimate of $481.71 million. During the same period in the previous year, the business earned $0.71 earnings per share. Federal Signal's quarterly revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Friday, November 15th. Federal Signal's payout ratio is 13.91%.

Insiders Place Their Bets

In related news, Director Brenda Reichelderfer sold 25,685 shares of the business's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $92.99, for a total value of $2,388,448.15. Following the transaction, the director now directly owns 57,417 shares of the company's stock, valued at approximately $5,339,206.83. The trade was a 30.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company's stock.

Analysts Set New Price Targets

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

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.