OneDigital Investment Advisors LLC Lowers Stake in Federal Signal Co. (NYSE:FSS)

OneDigital Investment Advisors LLC decreased its position in shares of Federal Signal Co. (NYSE:FSS) by 12.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,924 shares of the conglomerate’s stock after selling 397 shares during the period. OneDigital Investment Advisors LLC’s holdings in Federal Signal were worth $273,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of Federal Signal by 113.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate’s stock worth $37,200,000 after buying an additional 211,555 shares during the period. Millennium Management LLC raised its holdings in shares of Federal Signal by 77.8% in the 2nd quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock worth $37,298,000 after purchasing an additional 195,017 shares during the period. Driehaus Capital Management LLC lifted its stake in shares of Federal Signal by 20.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock valued at $76,340,000 after purchasing an additional 153,765 shares in the last quarter. PineStone Asset Management Inc. purchased a new stake in shares of Federal Signal during the 2nd quarter worth about $11,982,000. Finally, F M Investments LLC acquired a new stake in Federal Signal during the 2nd quarter worth approximately $11,058,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Stock Up 1.1 %

Shares of NYSE FSS opened at $95.87 on Friday. The stock has a fifty day moving average price of $89.67 and a 200 day moving average price of $89.28. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 12-month low of $68.02 and a 12-month high of $102.18. The company has a market cap of $5.86 billion, a P/E ratio of 27.71 and a beta of 0.95.

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 business had revenue of $474.20 million during the quarter, compared to analyst estimates 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 for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.71 earnings per share. Research analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given 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 payout ratio is currently 13.91%.

Insider Activity

In related news, Director Brenda Reichelderfer sold 25,685 shares of the business’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 transaction, the director now owns 57,417 shares in the company, valued at approximately $5,339,206.83. The trade was a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

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

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.