Quest Partners LLC Sells 26,284 Shares of Federal Signal Co. (NYSE:FSS)

Quest Partners LLC lessened its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 98.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 451 shares of the conglomerate's stock after selling 26,284 shares during the quarter. Quest Partners LLC's holdings in Federal Signal were worth $38,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in Federal Signal during the fourth quarter worth approximately $52,130,000. Axiom Investors LLC DE raised its stake in Federal Signal by 189.5% in the 4th quarter. Axiom Investors LLC DE now owns 239,455 shares of the conglomerate's stock valued at $18,376,000 after acquiring an additional 156,755 shares during the period. PineStone Asset Management Inc. bought a new stake in Federal Signal in the 2nd quarter valued at $11,982,000. F M Investments LLC acquired a new stake in Federal Signal during the 2nd quarter valued at $11,058,000. Finally, Eagle Asset Management Inc. boosted its position in Federal Signal by 46.0% during the fourth quarter. Eagle Asset Management Inc. now owns 361,580 shares of the conglomerate's stock worth $27,748,000 after purchasing an additional 113,955 shares during the period. 92.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, William Blair initiated coverage on shares of Federal Signal in a research note on Friday, May 31st. They set an "outperform" rating for the company.

Insiders Place Their Bets

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the transaction, the director now owns 57,417 shares in the company, valued at approximately $5,339,206.83. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.10% of the company's stock.

Federal Signal Stock Performance

FSS stock traded down $0.27 during mid-day trading on Friday, hitting $91.53. 1,081,895 shares of the company were exchanged, compared to its average volume of 347,008. Federal Signal Co. has a 1-year low of $57.05 and a 1-year high of $102.18. The business has a 50 day simple moving average of $92.45 and a 200-day simple moving average of $87.02. The company has a current ratio of 2.89, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $5.60 billion, a PE ratio of 30.92 and a beta of 0.94.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.11. The business had revenue of $490.40 million during the quarter, compared to the consensus estimate of $487.74 million. Federal Signal had a return on equity of 18.31% and a net margin of 11.16%. The firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. On average, equities analysts forecast that Federal Signal Co. will post 3.24 earnings per share for the current year.

Federal Signal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Friday, August 16th. Federal Signal's dividend payout ratio is 16.22%.

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.