Van ECK Associates Corp grew its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 40.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,263 shares of the conglomerate's stock after acquiring an additional 10,647 shares during the quarter. Van ECK Associates Corp owned 0.06% of Federal Signal worth $3,483,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Federal Signal by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 6,786,204 shares of the conglomerate's stock valued at $575,945,000 after purchasing an additional 106,899 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in Federal Signal by 2.6% in the third quarter. Conestoga Capital Advisors LLC now owns 1,389,045 shares of the conglomerate's stock valued at $129,820,000 after buying an additional 35,167 shares in the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of Federal Signal by 20.3% in the second quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate's stock valued at $76,340,000 after buying an additional 153,765 shares during the period. Global Alpha Capital Management Ltd. increased its position in shares of Federal Signal by 13.0% during the first quarter. Global Alpha Capital Management Ltd. now owns 616,913 shares of the conglomerate's stock worth $52,357,000 after acquiring an additional 71,200 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Federal Signal by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 524,869 shares of the conglomerate's stock worth $43,916,000 after acquiring an additional 11,685 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Federal Signal
In related news, Director Brenda Reichelderfer sold 25,685 shares of the business's 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 transaction, the director now directly owns 57,417 shares in the company, valued at approximately $5,339,206.83. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company's stock.
Federal Signal Stock Up 1.9 %
NYSE FSS traded up $1.69 during trading on Friday, hitting $90.35. The stock had a trading volume of 398,197 shares, compared to its average volume of 457,435. Federal Signal Co. has a 12 month low of $63.81 and a 12 month high of $102.18. 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's 50-day moving average price is $88.74 and its two-hundred day moving average price is $88.78. The company has a market capitalization of $5.52 billion, a PE ratio of 26.19 and a beta of 0.95.
Federal Signal (NYSE:FSS - Get Free Report) last announced its earnings results on Thursday, October 31st. The conglomerate reported $0.88 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 during the quarter, compared to analysts' expectations of $481.71 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. The firm's revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts forecast that Federal Signal Co. will post 3.33 EPS for the current year.
Federal Signal Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 annualized dividend and a yield of 0.53%. Federal Signal's dividend payout ratio (DPR) is presently 13.91%.
Wall Street Analyst Weigh In
Separately, 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 note on Tuesday, November 5th.
View Our Latest Stock Report on Federal Signal
About Federal Signal
(
Free Report)
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.
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