Quadrature Capital Ltd Acquires New Holdings in Federal Signal Co. (NYSE:FSS)

Quadrature Capital Ltd bought a new stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,769 shares of the conglomerate's stock, valued at approximately $632,000.

A number of other hedge funds have also recently modified their holdings of the business. Federated Hermes Inc. boosted its holdings in Federal Signal by 0.6% during the 2nd quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate's stock valued at $1,699,000 after acquiring an additional 121 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Federal Signal by 4.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,996 shares of the conglomerate's stock valued at $251,000 after purchasing an additional 130 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of Federal Signal by 4.1% in the third quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate's stock worth $399,000 after purchasing an additional 169 shares during the last quarter. Xponance Inc. increased its stake in Federal Signal by 4.9% in the 2nd quarter. Xponance Inc. now owns 3,812 shares of the conglomerate's stock worth $319,000 after buying an additional 178 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Federal Signal by 2.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate's stock valued at $530,000 after buying an additional 180 shares in the last quarter. Institutional investors own 92.73% of the company's stock.

Federal Signal Trading Up 0.4 %

FSS traded up $0.39 during trading on Monday, hitting $98.21. 266,476 shares of the stock were exchanged, compared to its average volume of 354,947. Federal Signal Co. has a 1 year low of $71.29 and a 1 year high of $102.18. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 28.35 and a beta of 0.99. The firm has a 50 day simple moving average of $91.21 and a 200 day simple moving average of $90.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.

Federal Signal (NYSE:FSS - Get Free Report) last released 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. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm had revenue of $474.20 million during the quarter, compared to the consensus estimate of $481.71 million. During the same period in the previous year, the company posted $0.71 earnings per share. The firm's quarterly revenue was up 6.2% on a year-over-year basis. As a group, equities analysts expect that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

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

Analyst Ratings Changes

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

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.