Van Berkom & Associates Inc. lessened its stake in shares of Federal Signal Corporation (NYSE:FSS – Free Report) by 11.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 603,259 shares of the conglomerate’s stock after selling 78,786 shares during the period. Federal Signal accounts for about 2.4% of Van Berkom & Associates Inc.’s portfolio, making the stock its 16th biggest position. Van Berkom & Associates Inc.’s holdings in Federal Signal were worth $66,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in FSS. BlackRock Inc. acquired a new position in Federal Signal in the 2nd quarter valued at $1,236,004,000. Dimensional Fund Advisors LP boosted its holdings in shares of Federal Signal by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,208,087 shares of the conglomerate’s stock valued at $130,633,000 after acquiring an additional 3,546 shares in the last quarter. First Trust Advisors LP grew its position in Federal Signal by 12.0% during the 1st quarter. First Trust Advisors LP now owns 1,161,865 shares of the conglomerate’s stock worth $125,644,000 after acquiring an additional 124,270 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in Federal Signal by 24.3% in the 3rd quarter. Pictet Asset Management Holding SA now owns 1,099,592 shares of the conglomerate’s stock worth $121,838,000 after purchasing an additional 214,954 shares in the last quarter. Finally, Congress Asset Management Co. increased its holdings in Federal Signal by 23.2% in the 3rd quarter. Congress Asset Management Co. now owns 894,846 shares of the conglomerate’s stock worth $99,140,000 after purchasing an additional 168,708 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have commented on FSS. Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. DA Davidson reduced their price target on Federal Signal from $132.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, November 2nd. Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Citigroup lowered their price objective on Federal Signal from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, November 2nd. Finally, Weiss Ratings upgraded shares of Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Federal Signal presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.25.
Check Out Our Latest Stock Analysis on FSS
Federal Signal Price Performance
Shares of NYSE:FSS opened at $117.53 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.35 and a current ratio of 2.96. Federal Signal Corporation has a 52 week low of $101.18 and a 52 week high of $134.51. The firm has a market cap of $7.17 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 1.41 and a beta of 1.22. The firm’s fifty day moving average is $114.77 and its 200-day moving average is $115.72.
Federal Signal (NYSE:FSS – Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The conglomerate reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. The business had revenue of $655.50 million during the quarter, compared to the consensus estimate of $661.61 million. Federal Signal had a return on equity of 21.31% and a net margin of 11.65%. Federal Signal’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.14 earnings per share. Sell-side analysts predict that Federal Signal Corporation will post 5.24 earnings per share for the current year.
Federal Signal Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.60 annualized dividend and a yield of 0.5%. Federal Signal’s payout ratio is presently 12.45%.
Federal Signal Company Profile
Federal Signal Corporation designs and manufactures products and equipment for environmental services, public safety and security. Its customers include municipalities, contractors, industrial businesses and public safety organizations.
Through its Environmental Solutions Group, the company makes street sweepers, sewer cleaners, industrial vacuum loaders, waterblasting equipment and related vehicles and services. Its Safety and Security Systems Group provides warning sirens, emergency vehicle equipment and systems for public notification and communication.
Founded in 1901, Federal Signal serves customers in North America and international markets.
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