Janus Henderson Group PLC Purchases 7,891 Shares of Federal Signal Co. (NYSE:FSS)

Janus Henderson Group PLC increased its position in Federal Signal Co. (NYSE:FSS) by 18.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,129 shares of the conglomerate’s stock after buying an additional 7,891 shares during the quarter. Janus Henderson Group PLC owned 0.08% of Federal Signal worth $4,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in shares of Federal Signal by 615.7% in the 2nd quarter. SG Americas Securities LLC now owns 40,292 shares of the conglomerate’s stock worth $3,371,000 after acquiring an additional 34,662 shares during the last quarter. Quest Partners LLC raised its position in Federal Signal by 4,025.9% in the 3rd quarter. Quest Partners LLC now owns 18,608 shares of the conglomerate’s stock worth $1,739,000 after purchasing an additional 18,157 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Federal Signal by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock worth $71,875,000 after purchasing an additional 31,517 shares during the last quarter. EULAV Asset Management boosted its position in Federal Signal by 15.3% during the third quarter. EULAV Asset Management now owns 240,803 shares of the conglomerate’s stock valued at $22,505,000 after buying an additional 32,000 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Federal Signal by 17.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate’s stock valued at $14,246,000 after buying an additional 22,821 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson lowered their target price on 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 Down 0.8 %

Shares of Federal Signal stock opened at $97.41 on Wednesday. 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 52-week low of $71.29 and a 52-week high of $102.18. The company’s 50 day moving average price is $91.40 and its 200-day moving average price is $90.36. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 28.23 and a beta of 0.99.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. Equities research analysts forecast that Federal Signal Co. will post 3.34 EPS for the current 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. This represents a $0.48 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Friday, November 15th. Federal Signal’s dividend payout ratio (DPR) is currently 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.