Victory Capital Management Inc. Has $11.12 Million Position in Federal Signal Co. (NYSE:FSS)

Victory Capital Management Inc. raised its position in Federal Signal Co. (NYSE:FSS - Free Report) by 299.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 119,012 shares of the conglomerate's stock after purchasing an additional 89,225 shares during the period. Victory Capital Management Inc. owned approximately 0.19% of Federal Signal worth $11,123,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in Federal Signal in the third quarter valued at approximately $29,000. Point72 DIFC Ltd bought a new stake in Federal Signal in the second quarter valued at approximately $62,000. Covestor Ltd increased its stake in Federal Signal by 223.6% in the first quarter. Covestor Ltd now owns 893 shares of the conglomerate's stock valued at $76,000 after purchasing an additional 617 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Federal Signal in the second quarter valued at approximately $84,000. Finally, GAMMA Investing LLC increased its stake in Federal Signal by 60.4% in the second quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate's stock valued at $89,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 92.73% of the company's stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson lowered 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.

Federal Signal Stock Up 0.3 %

Shares of FSS stock opened at $91.66 on Thursday. The firm has a fifty day moving average of $89.36 and a 200-day moving average of $89.23. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 12-month low of $68.02 and a 12-month high of $102.18. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 26.57 and a beta of 0.95.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $474.20 million during the quarter, compared to the consensus estimate of $481.71 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The firm's revenue was up 6.2% compared to the same quarter last year. As a group, equities research analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Friday, November 15th. Federal Signal's dividend payout ratio is 13.91%.

Insider Activity at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of the firm's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $92.99, for a total value of $2,388,448.15. Following the completion of the transaction, the director now owns 57,417 shares of the company's stock, valued at approximately $5,339,206.83. This trade represents a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is owned by insiders.

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.