Natixis Advisors LLC Sells 84,172 Shares of Federal Signal Co. (NYSE:FSS)

Natixis Advisors LLC cut its position in Federal Signal Co. (NYSE:FSS) by 62.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,474 shares of the conglomerate’s stock after selling 84,172 shares during the quarter. Natixis Advisors LLC owned about 0.08% of Federal Signal worth $4,811,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FSS. Vanguard Group Inc. boosted its stake in Federal Signal by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 6,786,204 shares of the conglomerate’s stock valued at $575,945,000 after purchasing an additional 106,899 shares during the period. Acadian Asset Management LLC bought a new stake in Federal Signal in the 1st quarter valued at $345,000. O Shaughnessy Asset Management LLC lifted its position in shares of Federal Signal by 34.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,733 shares of the conglomerate’s stock valued at $402,000 after acquiring an additional 1,223 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in shares of Federal Signal by 6.3% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 54,660 shares of the conglomerate’s stock valued at $4,638,000 after acquiring an additional 3,263 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of Federal Signal during the 1st quarter valued at $632,000. 92.73% of the stock is currently owned by institutional investors.

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 dated 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 completion of the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is available at this link. 3.10% of the stock is owned by insiders.

Federal Signal Stock Performance

NYSE:FSS opened at $95.87 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. 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 market cap of $5.86 billion, a price-to-earnings ratio of 27.79 and a beta of 0.95. The stock has a fifty day moving average price of $89.67 and a 200-day moving average price of $89.28.

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

Federal Signal Announces Dividend

The firm 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 dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.50%. Federal Signal’s dividend payout ratio (DPR) is currently 13.91%.

Wall Street Analysts Forecast Growth

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

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.