Federal Signal Co. (NYSE:FSS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC reduced its stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 41.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,559 shares of the conglomerate's stock after selling 49,359 shares during the period. Jane Street Group LLC owned approximately 0.12% of Federal Signal worth $6,594,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Federated Hermes Inc. boosted its holdings in Federal Signal by 0.6% during the second quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate's stock worth $1,699,000 after buying an additional 121 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Federal Signal by 4.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,996 shares of the conglomerate's stock worth $251,000 after acquiring an additional 130 shares during the period. Crossmark Global Holdings Inc. increased its stake in 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 purchasing an additional 169 shares in the last quarter. Xponance Inc. raised its holdings in Federal Signal by 4.9% during the second quarter. Xponance Inc. now owns 3,812 shares of the conglomerate's stock worth $319,000 after purchasing an additional 178 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Federal Signal by 2.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate's stock worth $530,000 after purchasing an additional 180 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Federal Signal Price Performance

FSS traded down $0.86 during midday trading on Friday, reaching $96.47. 215,598 shares of the company's stock were exchanged, compared to its average volume of 331,258. Federal Signal Co. has a 1-year low of $71.29 and a 1-year high of $102.18. The stock has a market capitalization of $5.89 billion, a PE ratio of 27.96 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. The business's 50-day moving average price is $91.75 and its 200 day moving average price is $90.56.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $474.20 million during the quarter, compared to the consensus estimate of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. As a group, equities analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

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

About Federal Signal

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.