Dynamic Technology Lab Private Ltd Grows Stock Holdings in Federal Signal Co. (NYSE:FSS)

Dynamic Technology Lab Private Ltd boosted its holdings in Federal Signal Co. (NYSE:FSS) by 105.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,300 shares of the conglomerate’s stock after buying an additional 7,850 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Federal Signal were worth $1,430,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Conestoga Capital Advisors LLC increased its holdings in shares of Federal Signal by 2.6% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,389,045 shares of the conglomerate’s stock valued at $129,820,000 after acquiring an additional 35,167 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in 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 purchasing an additional 153,765 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Federal Signal by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock valued at $71,875,000 after purchasing an additional 31,517 shares during the last quarter. Global Alpha Capital Management Ltd. raised its holdings in Federal Signal by 1.5% during the third quarter. Global Alpha Capital Management Ltd. now owns 602,613 shares of the conglomerate’s stock worth $56,320,000 after purchasing an additional 9,100 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Federal Signal by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 524,869 shares of the conglomerate’s stock worth $43,916,000 after buying an additional 11,685 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Stock Up 1.7 %

Shares of NYSE FSS opened at $97.54 on Tuesday. The stock has a market cap of $5.96 billion, a PE ratio of 28.27 and a beta of 0.95. Federal Signal Co. has a 52-week low of $68.02 and a 52-week high of $102.18. The business has a 50-day moving average price of $90.07 and a 200 day moving average price of $89.49. 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 (NYSE:FSS) last posted its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $481.71 million. During the same period in the previous year, the business posted $0.71 earnings per share. Federal Signal’s quarterly revenue was up 6.2% on a year-over-year basis. Equities research analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.49%. Federal Signal’s dividend payout ratio (DPR) is currently 13.91%.

Insider Activity

In related news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction dated 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 completion of the transaction, the director now directly owns 57,417 shares of the company’s stock, valued at $5,339,206.83. This represents a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson cut their price target on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research note 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.