Everence Capital Management Inc. Trims Position in Federal Signal Co. (NYSE:FSS)

Everence Capital Management Inc. lowered its holdings in Federal Signal Co. (NYSE:FSS) by 15.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,250 shares of the conglomerate’s stock after selling 990 shares during the period. Everence Capital Management Inc.’s holdings in Federal Signal were worth $485,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FSS. ArrowMark Colorado Holdings LLC acquired a new position in shares of Federal Signal during the 3rd quarter valued at about $28,863,000. Geode Capital Management LLC increased its position in Federal Signal by 17.6% during the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after purchasing an additional 239,789 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Federal Signal by 113.4% during the third quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate’s stock worth $37,200,000 after purchasing an additional 211,555 shares during the period. Millennium Management LLC boosted 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 valued at $37,298,000 after purchasing an additional 195,017 shares during the last quarter. Finally, Driehaus Capital Management LLC grew its stake in shares of Federal Signal by 20.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock valued at $76,340,000 after buying an additional 153,765 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Trading Up 3.9 %

NYSE:FSS opened at $95.87 on Monday. Federal Signal Co. has a 12 month low of $71.29 and a 12 month high of $102.18. The business’s 50-day moving average is $92.77 and its two-hundred day moving average is $91.30. 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 firm has a market capitalization of $5.86 billion, a PE ratio of 27.79 and a beta of 1.01.

Federal Signal (NYSE:FSS) last released its quarterly 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. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. During the same period in the previous year, the company posted $0.71 EPS. Federal Signal’s revenue for the quarter was up 6.2% on a year-over-year basis. Research analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, November 15th. Federal Signal’s dividend payout ratio (DPR) is 13.91%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. DA Davidson reduced their target price on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. StockNews.com upgraded Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, December 28th. Finally, Raymond James restated an “outperform” rating and issued a $110.00 price target on shares of Federal Signal in a report on Tuesday, December 24th.

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.