2,452 Shares in Federal Signal Co. (NYSE:FSS) Bought by Quantinno Capital Management LP

Quantinno Capital Management LP acquired a new stake in shares of Federal Signal Co. (NYSE:FSS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,452 shares of the conglomerate’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FSS. V Square Quantitative Management LLC bought a new stake in shares of Federal Signal during the 3rd quarter valued at about $29,000. Quarry LP raised its stake in Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after purchasing an additional 183 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Federal Signal during the second quarter valued at approximately $62,000. Millburn Ridgefield Corp purchased a new position in Federal Signal in the 3rd quarter worth approximately $70,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Federal Signal during the 2nd quarter valued at $84,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Federal Signal Price Performance

FSS opened at $97.60 on Tuesday. The stock has a market capitalization of $5.96 billion, a P/E ratio of 28.23 and a beta of 0.99. 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 $71.29 and a 12-month high of $102.18. The stock has a 50-day moving average price of $91.75 and a 200-day moving average price of $90.59.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $0.71 earnings per share. Equities analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 15th were paid 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 is presently 13.91%.

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.