Point72 DIFC Ltd Buys 6,849 Shares of Federal Signal Co. (NYSE:FSS)

Point72 DIFC Ltd lifted its position in Federal Signal Co. (NYSE:FSS - Free Report) by 923.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,591 shares of the conglomerate's stock after buying an additional 6,849 shares during the quarter. Point72 DIFC Ltd's holdings in Federal Signal were worth $709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FSS. Jane Street Group LLC boosted its holdings in Federal Signal by 6.7% during the first quarter. Jane Street Group LLC now owns 47,030 shares of the conglomerate's stock valued at $3,991,000 after acquiring an additional 2,947 shares during the period. GAMMA Investing LLC increased its position in Federal Signal by 60.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate's stock worth $89,000 after buying an additional 400 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Federal Signal by 615.7% during the second quarter. SG Americas Securities LLC now owns 40,292 shares of the conglomerate's stock worth $3,371,000 after buying an additional 34,662 shares during the last quarter. Diversified Trust Co boosted its position in shares of Federal Signal by 11.0% in the second quarter. Diversified Trust Co now owns 4,941 shares of the conglomerate's stock valued at $413,000 after acquiring an additional 490 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Federal Signal by 2.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate's stock worth $530,000 after acquiring an additional 180 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson cut their target price on shares of Federal Signal from $94.00 to $90.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th.

Federal Signal Stock Performance

Shares of NYSE FSS traded up $0.23 during mid-day trading on Friday, hitting $97.82. The company had a trading volume of 227,590 shares, compared to its average volume of 355,322. Federal Signal Co. has a 12 month low of $69.36 and a 12 month high of $102.18. The firm has a market cap of $5.98 billion, a P/E ratio of 28.35 and a beta of 0.99. The business's 50-day simple moving average is $91.21 and its 200-day simple moving average is $90.15. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 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 the consensus estimate of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company's quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.71 EPS. As a group, analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend was Friday, November 15th. Federal Signal's payout ratio is 13.91%.

Federal Signal Company Profile

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.