4,988 Shares in Federal Signal Co. (NYSE:FSS) Purchased by Aigen Investment Management LP

Aigen Investment Management LP purchased a new stake in Federal Signal Co. (NYSE:FSS) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,988 shares of the conglomerate’s stock, valued at approximately $466,000.

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of Federal Signal in the third quarter valued at $29,000. Point72 DIFC Ltd bought a new position in shares of Federal Signal in the 2nd quarter valued at about $62,000. Covestor Ltd increased its stake in shares of Federal Signal by 223.6% during the 1st quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock worth $76,000 after purchasing an additional 617 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Federal Signal in the 2nd quarter valued at about $84,000. Finally, GAMMA Investing LLC lifted its stake in Federal Signal by 60.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate’s stock valued at $89,000 after purchasing an additional 400 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at Federal Signal

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $92.99, for a total value of $2,388,448.15. Following 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 position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Federal Signal Trading Down 1.8 %

Shares of Federal Signal stock opened at $90.71 on Friday. 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 business has a fifty day simple moving average of $88.81 and a two-hundred day simple moving average of $88.95. Federal Signal Co. has a 1 year low of $68.02 and a 1 year high of $102.18. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 26.29 and a beta of 0.95.

Federal Signal (NYSE:FSS) last posted its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $481.71 million. During the same quarter last year, the company posted $0.71 EPS. Federal Signal’s quarterly revenue was up 6.2% compared to the same quarter last year. Research analysts forecast that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal’s payout ratio is 13.91%.

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.