By otakuyassine3@gmail.com 
Coldstream Capital Management Inc. decreased its stake in Federal Signal Co. (NYSE:FSS – Free Report) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,143 shares of the conglomerate’s stock after selling 240 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Federal Signal were worth $294,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. State Street Corp increased its stake in Federal Signal by 1.1% during the 3rd quarter. State Street Corp now owns 2,293,775 shares of the conglomerate’s stock worth $214,376,000 after buying an additional 25,080 shares in the last quarter. Geode Capital Management LLC increased its position in shares of 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 in the last quarter. Conestoga Capital Advisors LLC raised its stake in Federal Signal by 2.6% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,389,045 shares of the conglomerate’s stock valued at $129,820,000 after purchasing an additional 35,167 shares during the last quarter. Driehaus Capital Management LLC boosted its stake in Federal Signal by 20.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock worth $76,340,000 after purchasing an additional 153,765 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Federal Signal by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock valued at $71,875,000 after buying an additional 31,517 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.
Wall Street Analyst Weigh In
Separately, DA Davidson lowered 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.
Check Out Our Latest Report on Federal Signal
Federal Signal Stock Performance
NYSE FSS opened at $96.47 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The stock’s fifty day moving average is $91.75 and its two-hundred day moving average is $90.56. The firm has a market capitalization of $5.89 billion, a P/E ratio of 27.96 and a beta of 0.99. Federal Signal Co. has a fifty-two week low of $71.29 and a fifty-two week high of $102.18.
Federal Signal (NYSE:FSS – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $474.20 million during 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%. Federal Signal’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. On average, research analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current year.
Federal Signal Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a $0.12 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.48 annualized dividend and a yield of 0.50%. Federal Signal’s payout ratio is 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.
Recommended Stories
Want to see what other hedge funds are holding FSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Signal Co. (NYSE:FSS – Free Report).
Receive News & Ratings for Federal Signal Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Federal Signal and related companies with MarketBeat.com’s FREE daily email newsletter.