Fmr LLC Has $115.05 Million Stake in Federal Signal Co. (NYSE:FSS)

FMR LLC decreased its position in Federal Signal Co. (NYSE:FSS - Free Report) by 20.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,231,006 shares of the conglomerate's stock after selling 311,733 shares during the period. FMR LLC owned about 2.01% of Federal Signal worth $115,050,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Federated Hermes Inc. lifted its position in shares of Federal Signal by 0.6% in the second quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate's stock worth $1,699,000 after purchasing an additional 121 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Federal Signal by 4.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,996 shares of the conglomerate's stock worth $251,000 after purchasing an additional 130 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Federal Signal by 4.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate's stock valued at $399,000 after buying an additional 169 shares during the last quarter. Xponance Inc. raised its holdings in shares of Federal Signal by 4.9% in the 2nd quarter. Xponance Inc. now owns 3,812 shares of the conglomerate's stock valued at $319,000 after purchasing an additional 178 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Federal Signal by 2.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate's stock valued at $530,000 after purchasing an additional 180 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Federal Signal Stock Performance

Federal Signal stock traded down $2.11 during midday trading on Thursday, hitting $97.59. The company's stock had a trading volume of 266,858 shares, compared to its average volume of 355,808. Federal Signal Co. has a 1-year low of $69.36 and a 1-year high of $102.18. The company has a 50-day moving average price of $91.12 and a two-hundred day moving average price of $90.08. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 28.29 and a beta of 0.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

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, 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 analyst estimates of $481.71 million. During the same period in the prior year, the firm posted $0.71 EPS. Federal Signal's quarterly revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.12 per share. The ex-dividend date was Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.49%. Federal Signal's dividend payout ratio is 13.91%.

Analyst Upgrades and Downgrades

Separately, DA Davidson dropped their price objective on Federal Signal from $94.00 to $90.00 and set a "neutral" rating on the stock in a research note 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.