Principal Financial Group Inc. Has $29.18 Million Stock Position in Federal Signal Co. (NYSE:FSS)

Principal Financial Group Inc. reduced its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 3.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 312,170 shares of the conglomerate's stock after selling 9,884 shares during the quarter. Principal Financial Group Inc. owned approximately 0.51% of Federal Signal worth $29,175,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in Federal Signal during the third quarter worth $29,000. Quarry LP boosted its holdings in shares of Federal Signal by 73.5% during the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate's stock worth $40,000 after buying an additional 183 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Federal Signal in the 3rd quarter valued at about $46,000. Point72 DIFC Ltd bought a new position in Federal Signal in the 2nd quarter valued at about $62,000. Finally, Millburn Ridgefield Corp acquired a new stake in Federal Signal during the third quarter worth approximately $70,000. 92.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com lowered Federal Signal from a "buy" rating to a "hold" rating in a research note on Friday, December 20th. Raymond James reiterated an "outperform" rating and set a $110.00 price objective on shares of Federal Signal in a research report on Tuesday. Finally, DA Davidson reduced 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 report on Tuesday, November 5th.

Federal Signal Price Performance

Shares of NYSE FSS traded up $2.94 during midday trading on Wednesday, reaching $93.59. The company's stock had a trading volume of 162,317 shares, compared to its average volume of 355,367. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The company has a market cap of $5.72 billion, a P/E ratio of 27.13 and a beta of 0.99. The business's 50 day moving average price is $91.95 and its two-hundred day moving average price is $90.89. Federal Signal Co. has a fifty-two week low of $71.29 and a fifty-two week high of $102.18.

Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.04. The firm had revenue of $474.20 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 EPS. On average, analysts forecast that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.51%. Federal Signal's payout ratio is 13.91%.

Federal Signal 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.