Verition Fund Management LLC Buys Shares of 5,293 Federal Signal Co. (NYSE:FSS)

Verition Fund Management LLC purchased a new position in Federal Signal Co. (NYSE:FSS - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,293 shares of the conglomerate's stock, valued at approximately $495,000.

Several other large investors have also recently made changes to their positions in FSS. V Square Quantitative Management LLC purchased a new stake in shares of Federal Signal during the third quarter worth $29,000. Point72 DIFC Ltd acquired a new position in Federal Signal during the second quarter worth about $62,000. Canada Pension Plan Investment Board purchased a new stake in Federal Signal during the 2nd quarter valued at about $84,000. Fifth Third Bancorp raised its holdings in Federal Signal by 30.1% in 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 during the last quarter. Finally, CWM LLC grew its position in shares of Federal Signal by 23.1% in the third quarter. CWM LLC now owns 1,171 shares of the conglomerate's stock valued at $109,000 after purchasing an additional 220 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Federal Signal Trading Down 0.1 %

Shares of FSS traded down $0.05 during mid-day trading on Thursday, reaching $97.32. The stock had a trading volume of 341,918 shares, compared to its average volume of 355,899. The business's fifty day moving average is $91.64 and its 200 day moving average is $90.46. Federal Signal Co. has a 52-week low of $71.29 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 has a market cap of $5.95 billion, a price-to-earnings ratio of 28.21 and a beta of 0.99.

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

Federal Signal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a 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%.

Analyst Upgrades and Downgrades

Separately, DA Davidson reduced their price objective on Federal Signal from $94.00 to $90.00 and set a "neutral" rating on the stock in a research report 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.