Orion Portfolio Solutions LLC Has $1.59 Million Stock Position in Federal Signal Co. (NYSE:FSS)

Orion Portfolio Solutions LLC lessened its holdings in Federal Signal Co. (NYSE:FSS) by 20.1% in the third quarter, HoldingsChannel reports. The fund owned 17,033 shares of the conglomerate’s stock after selling 4,291 shares during the period. Orion Portfolio Solutions LLC’s holdings in Federal Signal were worth $1,592,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of FSS. ArrowMark Colorado Holdings LLC acquired a new position in shares of Federal Signal during the 3rd quarter worth approximately $28,863,000. Assenagon Asset Management S.A. boosted its stake in shares of Federal Signal by 113.4% in the third quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate’s stock valued at $37,200,000 after buying an additional 211,555 shares during the period. Millennium Management LLC grew its position in Federal Signal by 77.8% during the second quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock worth $37,298,000 after buying an additional 195,017 shares in the last quarter. Driehaus Capital Management LLC increased its stake in Federal Signal by 20.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock worth $76,340,000 after acquiring an additional 153,765 shares during the period. Finally, F M Investments LLC acquired a new position in Federal Signal in the 2nd quarter valued at $11,058,000. 92.73% of the stock is owned by institutional investors.

Federal Signal Price Performance

FSS stock opened at $96.48 on Friday. The company’s 50-day moving average price is $91.64 and its two-hundred day moving average price is $90.46. The firm has a market cap of $5.90 billion, a P/E ratio of 27.96 and a beta of 0.99. 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 $71.29 and a 12 month high of $102.18.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data 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. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $481.71 million. During the same period last year, the firm posted $0.71 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

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

Analyst Ratings Changes

Separately, DA Davidson reduced 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.

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.