Intech Investment Management LLC Raises Stake in Federal Signal Co. (NYSE:FSS)

Intech Investment Management LLC increased its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 44.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,939 shares of the conglomerate's stock after acquiring an additional 10,134 shares during the quarter. Intech Investment Management LLC owned approximately 0.05% of Federal Signal worth $3,078,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new stake in shares of Federal Signal during the third quarter worth approximately $29,000. Point72 DIFC Ltd purchased a new stake in shares of Federal Signal during the second quarter worth $62,000. Canada Pension Plan Investment Board acquired a new stake in shares of Federal Signal in the second quarter valued at about $84,000. GAMMA Investing LLC boosted its position in Federal Signal by 60.4% during the second quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate's stock worth $89,000 after acquiring an additional 400 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in Federal Signal by 30.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate's stock valued at $94,000 after acquiring an additional 260 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Activity

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the company's stock in a transaction on 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 transaction, the director now directly owns 57,417 shares in the company, valued at $5,339,206.83. This represents a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.10% of the company's stock.

Federal Signal Trading Up 1.1 %

Shares of NYSE FSS traded up $1.05 during trading on Friday, hitting $95.87. 538,208 shares of the company were exchanged, compared to its average volume of 522,222. The company has a fifty day moving average price of $89.85 and a 200-day moving average price of $89.39. 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 capitalization of $5.86 billion, a PE ratio of 27.79 and a beta of 0.95. Federal Signal Co. has a 12-month low of $68.02 and a 12-month 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 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. The company had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. Federal Signal's revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 EPS. As a group, equities research analysts expect that Federal Signal Co. will post 3.34 EPS 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 $0.12 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.50%. Federal Signal's dividend payout ratio is currently 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.