Public Sector Pension Investment Board Sells 4,700 Shares of Federal Signal Co. (NYSE:FSS)

Public Sector Pension Investment Board cut its stake in shares of Federal Signal Co. (NYSE:FSS) by 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,731 shares of the conglomerate’s stock after selling 4,700 shares during the period. Public Sector Pension Investment Board’s holdings in Federal Signal were worth $12,125,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Glenmede Trust Co. NA grew its stake in shares of Federal Signal by 3.0% during the third quarter. Glenmede Trust Co. NA now owns 8,321 shares of the conglomerate’s stock worth $778,000 after purchasing an additional 244 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Federal Signal by 5.5% during the third quarter. BNP Paribas Financial Markets now owns 56,789 shares of the conglomerate’s stock worth $5,308,000 after purchasing an additional 2,969 shares during the period. Dynamic Technology Lab Private Ltd grew its stake in shares of Federal Signal by 105.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 15,300 shares of the conglomerate’s stock worth $1,430,000 after purchasing an additional 7,850 shares during the period. Algert Global LLC grew its stake in shares of Federal Signal by 45.8% during the third quarter. Algert Global LLC now owns 65,977 shares of the conglomerate’s stock worth $6,166,000 after purchasing an additional 20,730 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of Federal Signal by 12.8% during the third quarter. Cerity Partners LLC now owns 44,712 shares of the conglomerate’s stock worth $4,179,000 after purchasing an additional 5,070 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Federal Signal Stock Up 0.2 %

NYSE:FSS opened at $97.88 on Friday. Federal Signal Co. has a 1 year low of $68.02 and a 1 year high of $102.18. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 28.37 and a beta of 0.95. The stock has a 50-day moving average price of $90.53 and a two-hundred day moving average price of $89.68.

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, beating analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $474.20 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the firm earned $0.71 earnings per share. As a group, equities analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a $0.12 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.49%. Federal Signal’s dividend payout ratio (DPR) 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.