Federal Signal Co. (NYSE:FSS) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lessened its holdings in Federal Signal Co. (NYSE:FSS) by 20.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 480 shares of the conglomerate’s stock after selling 120 shares during the period. National Bank of Canada FI’s holdings in Federal Signal were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of FSS. V Square Quantitative Management LLC purchased a new stake in shares of Federal Signal in the third quarter valued at approximately $29,000. Quarry LP increased its holdings in Federal Signal by 73.5% in the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after acquiring an additional 183 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in Federal Signal in the 2nd quarter worth $62,000. Millburn Ridgefield Corp acquired a new position in Federal Signal during the third quarter worth $70,000. Finally, Canada Pension Plan Investment Board purchased a new position in Federal Signal during the second quarter valued at $84,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson cut their target price on shares of 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 Performance

NYSE FSS opened at $95.78 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The stock’s 50 day simple moving average is $91.87 and its 200-day simple moving average is $90.66. The company has a market cap of $5.85 billion, a PE ratio of 28.29 and a beta of 0.99. Federal Signal Co. has a 1-year low of $71.29 and a 1-year 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 for the quarter, beating 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 for the quarter, compared to analyst estimates of $481.71 million. During the same quarter last year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities research analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

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

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.