Allspring Global Investments Holdings LLC Has $4.76 Million Stake in Federal Signal Co. (NYSE:FSS)

Allspring Global Investments Holdings LLC lessened its position in Federal Signal Co. (NYSE:FSS - Free Report) by 27.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,961 shares of the conglomerate's stock after selling 19,451 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.08% of Federal Signal worth $4,763,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Federal Signal by 150.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 30,000 shares of the conglomerate's stock valued at $2,546,000 after buying an additional 18,000 shares during the period. UniSuper Management Pty Ltd bought a new stake in Federal Signal during the first quarter worth $919,000. Susquehanna Fundamental Investments LLC bought a new stake in Federal Signal during the first quarter worth $917,000. BNP Paribas Financial Markets raised its position in Federal Signal by 74.6% during the first quarter. BNP Paribas Financial Markets now owns 85,516 shares of the conglomerate's stock worth $7,258,000 after acquiring an additional 36,534 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Federal Signal by 22.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 59,731 shares of the conglomerate's stock worth $5,069,000 after acquiring an additional 11,013 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Insider Activity

In related news, Director Brenda Reichelderfer sold 25,685 shares of the firm's stock in a transaction dated 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 directly owns 57,417 shares of the company's stock, valued at approximately $5,339,206.83. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.10% of the company's stock.

Federal Signal Stock Performance

NYSE FSS traded down $1.18 on Tuesday, hitting $84.57. 340,162 shares of the stock were exchanged, compared to its average volume of 341,141. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 1.35. The business's fifty day moving average is $90.15 and its 200 day moving average is $88.65. Federal Signal Co. has a 52 week low of $57.29 and a 52 week high of $102.18. The company has a market capitalization of $5.17 billion, a PE ratio of 26.01 and a beta of 0.93.

Federal Signal Dividend Announcement

The business also recently disclosed 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. This represents a $0.48 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Friday, November 15th. Federal Signal's payout ratio is presently 14.59%.

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.