Natixis Advisors LLC Sells 84,172 Shares of Federal Signal Co. (NYSE:FSS)

Natixis Advisors LLC cut its stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 62.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,474 shares of the conglomerate's stock after selling 84,172 shares during the period. Natixis Advisors LLC owned 0.08% of Federal Signal worth $4,811,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Federal Signal by 1.6% during the first quarter. Vanguard Group Inc. now owns 6,786,204 shares of the conglomerate's stock worth $575,945,000 after acquiring an additional 106,899 shares in the last quarter. Acadian Asset Management LLC bought a new position in Federal Signal during the first quarter worth about $345,000. O Shaughnessy Asset Management LLC increased its position in Federal Signal by 34.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,733 shares of the conglomerate's stock worth $402,000 after buying an additional 1,223 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in Federal Signal by 6.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 54,660 shares of the conglomerate's stock worth $4,638,000 after buying an additional 3,263 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Federal Signal in the first quarter valued at approximately $632,000. 92.73% of the stock is currently owned by institutional investors.

Insider Activity at Federal Signal

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

Federal Signal Stock Performance

Shares of FSS stock traded up $1.05 during midday trading on Friday, hitting $95.87. 538,208 shares of the company were exchanged, compared to its average volume of 522,222. Federal Signal Co. has a 52 week low of $68.02 and a 52 week high of $102.18. The firm has a market capitalization of $5.86 billion, a P/E ratio of 27.79 and a beta of 0.95. The firm's 50 day moving average price is $89.85 and its two-hundred day moving average price is $89.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.

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 analysts' consensus estimates of $0.84 by $0.04. The company had revenue of $474.20 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 earnings per share. As a group, equities research analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders 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 dividend yield of 0.50%. Federal Signal's payout ratio is presently 13.91%.

Analyst Ratings Changes

Separately, DA Davidson decreased 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.

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.