Conestoga Capital Advisors LLC grew its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,389,045 shares of the conglomerate's stock after purchasing an additional 35,167 shares during the period. Federal Signal makes up about 1.8% of Conestoga Capital Advisors LLC's holdings, making the stock its 24th biggest position. Conestoga Capital Advisors LLC owned approximately 2.27% of Federal Signal worth $129,820,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew 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 buying an additional 106,899 shares during the period. Driehaus Capital Management LLC grew its holdings in shares of Federal Signal by 20.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate's stock worth $76,340,000 after acquiring an additional 153,765 shares during the period. Global Alpha Capital Management Ltd. increased its stake in Federal Signal by 13.0% in the 1st quarter. Global Alpha Capital Management Ltd. now owns 616,913 shares of the conglomerate's stock valued at $52,357,000 after purchasing an additional 71,200 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Federal Signal by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 524,869 shares of the conglomerate's stock worth $43,916,000 after purchasing an additional 11,685 shares during the last quarter. Finally, Millennium Management LLC boosted its position in Federal Signal by 77.8% during the second quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate's stock worth $37,298,000 after purchasing an additional 195,017 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.
Federal Signal Price Performance
Shares of NYSE:FSS traded up $0.27 during midday trading on Friday, hitting $81.84. 570,818 shares of the stock were exchanged, compared to its average volume of 343,325. The stock has a market cap of $5.00 billion, a P/E ratio of 24.80 and a beta of 0.93. Federal Signal Co. has a twelve month low of $60.09 and a twelve month high of $102.18. The company has a 50 day moving average price of $89.60 and a 200-day moving average price of $88.58. The company has a current ratio of 2.89, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23.
Federal Signal Announces Dividend
The firm also recently declared 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 annualized dividend and a dividend yield of 0.59%. Federal Signal's dividend payout ratio is presently 14.59%.
Insider Activity
In related news, Director Brenda Reichelderfer sold 25,685 shares of the company's stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $92.99, for a total value of $2,388,448.15. Following the sale, the director now 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.10% of the company's stock.
About Federal Signal
(
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.
Further Reading
Before you consider Federal Signal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Federal Signal wasn't on the list.
While Federal Signal currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
