Mutual of America Capital Management LLC Has $9.31 Million Stake in Federal Signal Co. (NYSE:FSS)

Mutual of America Capital Management LLC decreased its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 20.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 99,573 shares of the conglomerate's stock after selling 25,752 shares during the period. Mutual of America Capital Management LLC owned 0.16% of Federal Signal worth $9,306,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in FSS. V Square Quantitative Management LLC acquired a new stake in shares of Federal Signal in the third quarter valued at $29,000. Point72 DIFC Ltd acquired a new stake in shares of Federal Signal in the second quarter valued at $62,000. Covestor Ltd raised its position in shares of Federal Signal by 223.6% during the first quarter. Covestor Ltd now owns 893 shares of the conglomerate's stock worth $76,000 after purchasing an additional 617 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Federal Signal during the second quarter worth $84,000. Finally, GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 400 shares during the period. Institutional investors own 92.73% of the company's stock.

Insider Transactions at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of the firm'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 completion of the sale, the director now directly owns 57,417 shares of the company's stock, valued at $5,339,206.83. This trade represents a 30.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Federal Signal Stock Up 1.4 %

NYSE:FSS traded up $1.22 during trading hours on Monday, hitting $90.53. 316,749 shares of the company's stock traded hands, compared to its average volume of 356,749. The firm has a market cap of $5.53 billion, a P/E ratio of 25.71 and a beta of 0.95. Federal Signal Co. has a twelve month low of $68.02 and a twelve month high of $102.18. 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 stock's fifty day moving average price is $89.04 and its two-hundred day moving average price is $89.10.

Federal Signal (NYSE:FSS - Get Free Report) last issued its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, topping 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 return on equity of 18.46% and a net margin of 11.57%. The business's revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. On average, research analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.12 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. Federal Signal's 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.