Quest Partners LLC Boosts Position in Federal Signal Co. (NYSE:FSS)

Quest Partners LLC lifted its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 4,025.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,608 shares of the conglomerate's stock after purchasing an additional 18,157 shares during the period. Quest Partners LLC's holdings in Federal Signal were worth $1,739,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Archer Investment Corp grew its stake in shares of Federal Signal by 33.9% during the 3rd quarter. Archer Investment Corp now owns 1,580 shares of the conglomerate's stock valued at $148,000 after buying an additional 400 shares during the period. KBC Group NV boosted its holdings in shares of Federal Signal by 20.9% in the third quarter. KBC Group NV now owns 1,796 shares of the conglomerate's stock valued at $168,000 after acquiring an additional 311 shares in the last quarter. MQS Management LLC bought a new position in shares of Federal Signal in the third quarter valued at approximately $585,000. Victory Capital Management Inc. boosted its holdings in shares of Federal Signal by 299.5% in the third quarter. Victory Capital Management Inc. now owns 119,012 shares of the conglomerate's stock valued at $11,123,000 after acquiring an additional 89,225 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in Federal Signal during the third quarter valued at approximately $466,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction 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 transaction, the director now directly owns 57,417 shares in the company, valued at $5,339,206.83. This trade represents a 30.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.10% of the company's stock.

Federal Signal Trading Up 0.9 %

Shares of NYSE:FSS traded up $0.82 during trading on Tuesday, hitting $91.35. 294,093 shares of the company's stock were exchanged, compared to its average volume of 356,837. Federal Signal Co. has a 1-year low of $68.02 and a 1-year high of $102.18. The firm has a 50-day moving average price of $89.19 and a two-hundred day moving average price of $89.16. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The firm has a market cap of $5.58 billion, a P/E ratio of 26.17 and a beta of 0.95.

Federal Signal (NYSE:FSS - Get Free Report) last issued its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.04. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $474.20 million for the quarter, compared to the consensus estimate of $481.71 million. During the same period in the previous year, the company earned $0.71 earnings per share. The firm's revenue for the quarter was up 6.2% on a year-over-year basis. Equities analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal's dividend payout ratio is currently 13.91%.

Analyst Ratings Changes

Separately, DA Davidson reduced their price target 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 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.