Assenagon Asset Management S.A. increased its stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 113.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,031 shares of the conglomerate's stock after purchasing an additional 211,555 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.65% of Federal Signal worth $37,200,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. BLB&B Advisors LLC acquired a new position in Federal Signal during the 3rd quarter worth approximately $203,000. Everence Capital Management Inc. grew its holdings in Federal Signal by 31.4% during the 3rd quarter. Everence Capital Management Inc. now owns 6,240 shares of the conglomerate's stock worth $583,000 after acquiring an additional 1,490 shares during the last quarter. Mitsubishi UFJ Asset Management UK Ltd. grew its holdings in Federal Signal by 33.3% during the 3rd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 8,000 shares of the conglomerate's stock worth $748,000 after acquiring an additional 2,000 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in Federal Signal during the 3rd quarter worth approximately $29,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Federal Signal during the 3rd quarter worth approximately $256,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.
Federal Signal Trading Up 0.5 %
FSS traded up $0.41 during trading on Friday, reaching $85.36. 287,704 shares of the company's stock were exchanged, compared to its average volume of 340,934. Federal Signal Co. has a one year low of $57.05 and a one year high of $102.18. 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 $5.22 billion, a PE ratio of 25.83 and a beta of 0.93. The firm has a fifty day moving average price of $90.54 and a two-hundred day moving average price of $88.59.
Federal Signal (NYSE:FSS - Get Free Report) last posted its earnings results on Thursday, July 25th. The conglomerate reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.11. Federal Signal had a net margin of 11.16% and a return on equity of 18.31%. The firm had revenue of $490.40 million for the quarter, compared to analyst estimates of $487.74 million. During the same period in the previous year, the firm posted $0.67 EPS. The company's revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities research analysts forecast that Federal Signal Co. will post 3.24 earnings per share for the current fiscal year.
Federal Signal Dividend Announcement
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 issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Friday, November 15th. Federal Signal's payout ratio is 14.59%.
Insiders Place Their Bets
In other news, Director Brenda Reichelderfer sold 25,685 shares of the company's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $92.99, for a total value 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.10% of the company's stock.
Federal Signal Company Profile
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Free Report)
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.
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