Summit Global Investments Buys New Position in Federal Signal Co. (NYSE:FSS)

Summit Global Investments purchased a new position in Federal Signal Co. (NYSE:FSS - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,999 shares of the conglomerate's stock, valued at approximately $748,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Federal Signal by 150.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 30,000 shares of the conglomerate's stock worth $2,546,000 after acquiring an additional 18,000 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in Federal Signal in the first quarter valued at approximately $919,000. Susquehanna Fundamental Investments LLC acquired a new stake in Federal Signal during the first quarter worth $917,000. State Board of Administration of Florida Retirement System raised its position in Federal Signal by 22.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 59,731 shares of the conglomerate's stock valued at $5,069,000 after purchasing an additional 11,013 shares during the period. Finally, Global Alpha Capital Management Ltd. lifted its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson lowered their price objective 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 Trading Up 1.9 %

Shares of FSS stock traded up $1.69 on Friday, hitting $90.35. The stock had a trading volume of 398,197 shares, compared to its average volume of 457,435. The company's 50 day moving average price is $88.74 and its 200-day moving average price is $88.78. Federal Signal Co. has a 1 year low of $63.81 and a 1 year high of $102.18. The firm has a market capitalization of $5.52 billion, a P/E ratio of 26.19 and a beta of 0.95. 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 issued its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $481.71 million. During the same quarter in the prior year, the company earned $0.71 earnings per share. The business's quarterly revenue was up 6.2% on a year-over-year basis. Analysts anticipate that Federal Signal Co. will post 3.33 earnings per share for the current year.

Federal Signal Dividend Announcement

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

Insider Buying and Selling

In other news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal stock in a transaction on Friday, August 30th. The shares were sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the completion of the sale, the director now directly owns 57,417 shares of the company's stock, valued at approximately $5,339,206.83. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.10% of the company's stock.

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.