Federal Signal Co. (NYSE:FSS) Holdings Decreased by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC lessened its holdings in shares of Federal Signal Co. (NYSE:FSS) by 99.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 505 shares of the conglomerate’s stock after selling 86,419 shares during the quarter. RPg Family Wealth Advisory LLC’s holdings in Federal Signal were worth $47,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in Federal Signal in the 3rd quarter valued at approximately $29,000. Point72 DIFC Ltd purchased a new stake in shares of Federal Signal during the second quarter worth $62,000. Canada Pension Plan Investment Board acquired a new stake in Federal Signal during the second quarter valued at $84,000. GAMMA Investing LLC grew its stake in Federal Signal by 60.4% in the second quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate’s stock valued at $89,000 after purchasing an additional 400 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in Federal Signal by 30.1% in the 2nd quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate’s stock worth $94,000 after purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Price Performance

NYSE FSS opened at $97.87 on Thursday. The firm has a market cap of $5.98 billion, a P/E ratio of 28.37 and a beta of 0.95. The stock’s 50-day moving average is $90.41 and its two-hundred day moving average is $89.62. Federal Signal Co. has a fifty-two week low of $68.02 and a fifty-two week high of $102.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS) last announced its earnings results on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, topping the consensus estimate of $0.84 by $0.04. The firm 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 business’s quarterly 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, 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 announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.49%. Federal Signal’s payout ratio is currently 13.91%.

Analysts Set New Price Targets

Separately, DA Davidson reduced their price target 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 Buying and Selling

In related news, Director Brenda Reichelderfer sold 25,685 shares of the 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 document filed with the SEC, which is available through the SEC website. Company insiders own 3.10% of the company’s stock.

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.