Algert Global LLC reduced its stake in shares of Federal Signal Corp. (NYSE:FSS) by 47.7% during the third quarter, Holdings Channel reports. The institutional investor owned 21,094 shares of the company’s stock after selling 19,233 shares during the period. Algert Global LLC’s holdings in Federal Signal Corp. were worth $280,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. BlackRock Group LTD boosted its stake in Federal Signal Corp. by 36.1% in the first quarter. BlackRock Group LTD now owns 76,282 shares of the company’s stock valued at $1,011,000 after buying an additional 20,225 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in shares of Federal Signal Corp. by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,564,917 shares of the company’s stock valued at $20,751,000 after buying an additional 16,870 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of Federal Signal Corp. during the first quarter valued at about $467,000. BNP Paribas Arbitrage SA raised its stake in shares of Federal Signal Corp. by 88.8% in the second quarter. BNP Paribas Arbitrage SA now owns 20,578 shares of the company’s stock valued at $265,000 after buying an additional 9,679 shares during the last quarter. Finally, Capital Fund Management S.A. raised its stake in shares of Federal Signal Corp. by 171.7% in the second quarter. Capital Fund Management S.A. now owns 57,600 shares of the company’s stock valued at $742,000 after buying an additional 36,400 shares during the last quarter. 85.12% of the stock is currently owned by institutional investors and hedge funds.
Federal Signal Corp. (NYSE:FSS) traded up 0.93% on Friday, hitting $16.25. 151,845 shares of the stock traded hands. The stock has a 50 day moving average of $13.56 and a 200 day moving average of $13.22. The firm has a market capitalization of $973.46 million, a PE ratio of 23.18 and a beta of 1.45. Federal Signal Corp. has a 52 week low of $11.16 and a 52 week high of $17.10.
Federal Signal Corp. (NYSE:FSS) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. Federal Signal Corp. had a net margin of 5.95% and a return on equity of 11.98%. The company earned $186.70 million during the quarter, compared to analysts’ expectations of $178.60 million. During the same period in the prior year, the company posted $0.26 earnings per share. Federal Signal Corp.’s revenue for the quarter was up 3.9% compared to the same quarter last year. Equities research analysts anticipate that Federal Signal Corp. will post $0.68 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Thursday, November 10th. Federal Signal Corp.’s dividend payout ratio (DPR) is presently 40.58%.
Several equities research analysts have issued reports on the stock. TheStreet upgraded shares of Federal Signal Corp. from a “hold” rating to a “buy” rating in a research note on Friday, November 18th. Zacks Investment Research upgraded shares of Federal Signal Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd.
Federal Signal Corp. Company Profile
Federal Signal Corporation designs and manufactures products and integrated solutions for municipal governmental industrial and commercial customers. The Company operates through two segments: Environmental Solutions Group, and Safety and Security Systems Group. Environmental Solutions Group is manufacturer and supplier of a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.