Algert Global LLC Has $6.17 Million Stake in Federal Signal Co. (NYSE:FSS)

Algert Global LLC increased its stake in shares of Federal Signal Co. (NYSE:FSS) by 45.8% during the third quarter, HoldingsChannel.com reports. The fund owned 65,977 shares of the conglomerate’s stock after purchasing an additional 20,730 shares during the period. Algert Global LLC’s holdings in Federal Signal were worth $6,166,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC increased its holdings in shares of Federal Signal by 615.7% during the 2nd quarter. SG Americas Securities LLC now owns 40,292 shares of the conglomerate’s stock valued at $3,371,000 after acquiring an additional 34,662 shares during the last quarter. Vanguard Group Inc. increased 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 acquiring an additional 106,899 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Federal Signal by 197.5% during the 1st quarter. Janus Henderson Group PLC now owns 84,875 shares of the conglomerate’s stock valued at $7,202,000 after acquiring an additional 56,347 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Federal Signal by 4,025.9% during the 3rd quarter. Quest Partners LLC now owns 18,608 shares of the conglomerate’s stock valued at $1,739,000 after acquiring an additional 18,157 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Federal Signal in the 1st quarter valued at approximately $632,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insider Transactions at Federal Signal

In other news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered their target price on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th.

Federal Signal Stock Performance

FSS opened at $95.87 on Friday. The firm has a market capitalization of $5.86 billion, a P/E ratio of 27.79 and a beta of 0.95. The stock’s 50 day moving average price is $89.85 and its two-hundred day moving average price is $89.36. 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.

Federal Signal (NYSE:FSS) last released its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. On average, equities analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal’s payout ratio is presently 13.91%.

Federal Signal Profile

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.