Geode Capital Management LLC Has $149.73 Million Stock Holdings in Federal Signal Co. (NYSE:FSS)

Geode Capital Management LLC boosted its position in Federal Signal Co. (NYSE:FSS - Free Report) by 17.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,601,774 shares of the conglomerate's stock after buying an additional 239,789 shares during the quarter. Geode Capital Management LLC owned approximately 2.62% of Federal Signal worth $149,727,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in FSS. Barclays PLC grew its position in Federal Signal by 338.7% during the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock worth $13,569,000 after buying an additional 112,092 shares in the last quarter. Quest Partners LLC lifted its position in shares of Federal Signal by 4,025.9% in the 3rd quarter. Quest Partners LLC now owns 18,608 shares of the conglomerate's stock worth $1,739,000 after acquiring an additional 18,157 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Federal Signal by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate's stock worth $71,875,000 after purchasing an additional 31,517 shares in the last quarter. EULAV Asset Management increased its position in shares of Federal Signal by 15.3% during the third quarter. EULAV Asset Management now owns 240,803 shares of the conglomerate's stock valued at $22,505,000 after purchasing an additional 32,000 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Federal Signal by 17.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate's stock valued at $14,246,000 after purchasing an additional 22,821 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their price target on shares of 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 Price Performance

NYSE:FSS traded down $1.86 during mid-day trading on Tuesday, hitting $95.78. The company's stock had a trading volume of 352,595 shares, compared to its average volume of 354,875. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average of $91.87 and a 200-day moving average of $90.66. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 28.29 and a beta of 0.99. Federal Signal Co. has a fifty-two week low of $71.29 and a fifty-two week high of $102.18.

Federal Signal (NYSE:FSS - Get Free Report) last posted its earnings results on Thursday, October 31st. The conglomerate reported $0.88 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 business had revenue of $474.20 million during the quarter, compared to the consensus estimate of $481.71 million. During the same quarter last year, the company earned $0.71 EPS. Federal Signal's revenue was up 6.2% on a year-over-year basis. As a group, equities analysts forecast 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 was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.50%. Federal Signal's dividend payout ratio is presently 13.91%.

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.