Intech Investment Management LLC Raises Stock Holdings in Federal Signal Co. (NYSE:FSS)

Intech Investment Management LLC grew its position in shares of Federal Signal Co. (NYSE:FSS) by 44.4% in the third quarter, Holdings Channel reports. The fund owned 32,939 shares of the conglomerate’s stock after buying an additional 10,134 shares during the quarter. Intech Investment Management LLC’s holdings in Federal Signal were worth $3,078,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FSS. V Square Quantitative Management LLC bought a new position in Federal Signal during the third quarter valued at $29,000. Point72 DIFC Ltd purchased a new stake in shares of Federal Signal during the 2nd quarter valued at about $62,000. Canada Pension Plan Investment Board bought a new position in shares of Federal Signal in the 2nd quarter valued at about $84,000. GAMMA Investing LLC grew its position in Federal Signal by 60.4% in the second quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate’s stock worth $89,000 after acquiring an additional 400 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in Federal Signal by 30.1% during the second quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate’s stock worth $94,000 after acquiring an additional 260 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal 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 sale, the director now owns 57,417 shares in the company, valued at $5,339,206.83. This trade represents a 30.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.10% of the stock is owned by company insiders.

Federal Signal Trading Up 1.1 %

FSS stock opened at $95.87 on Friday. Federal Signal Co. has a twelve month low of $68.02 and a twelve month high of $102.18. The stock has a market capitalization of $5.86 billion, a price-to-earnings ratio of 27.79 and a beta of 0.95. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $89.85 and its two-hundred day simple moving average is $89.36.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, beating the consensus estimate of $0.84 by $0.04. The company had revenue of $474.20 million for the quarter, compared to the consensus estimate of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. As a group, analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

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

Federal Signal Company 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.