UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $14.25 Million Stock Holdings in Federal Signal Co. (NYSE:FSS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 17.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,430 shares of the conglomerate's stock after acquiring an additional 22,821 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.25% of Federal Signal worth $14,246,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Federal Signal during the 3rd quarter valued at $29,000. Point72 DIFC Ltd bought a new stake in Federal Signal during the 2nd quarter valued at $62,000. Canada Pension Plan Investment Board bought a new stake in Federal Signal during the 2nd quarter valued at $84,000. Fifth Third Bancorp raised its stake in Federal Signal by 30.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate's stock valued at $94,000 after acquiring an additional 260 shares in the last quarter. Finally, CWM LLC raised its stake in Federal Signal by 23.1% during the 3rd quarter. CWM LLC now owns 1,171 shares of the conglomerate's stock valued at $109,000 after acquiring an additional 220 shares in the last quarter. Institutional investors own 92.73% of the company's stock.

Wall Street Analysts Forecast Growth

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

Federal Signal Price Performance

Shares of FSS traded up $0.23 during midday trading on Friday, reaching $97.82. The stock had a trading volume of 240,993 shares, compared to its average volume of 416,752. Federal Signal Co. has a 52 week low of $69.36 and a 52 week high of $102.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The firm's 50 day moving average price is $91.21 and its 200-day moving average price is $90.18. The company has a market capitalization of $5.98 billion, a P/E ratio of 28.35 and a beta of 0.99.

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

Federal Signal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given 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 dividend payout ratio (DPR) is presently 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.