Federal Signal Corporation $FSS Holdings Decreased by State of Wyoming

State of Wyoming decreased its stake in shares of Federal Signal Corporation (NYSE:FSS) by 91.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 627 shares of the conglomerate’s stock after selling 6,359 shares during the period. State of Wyoming’s holdings in Federal Signal were worth $69,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Federal Signal by 12.6% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 23,300 shares of the conglomerate’s stock valued at $2,581,000 after purchasing an additional 2,600 shares in the last quarter. Choreo LLC lifted its stake in Federal Signal by 6.0% in the 3rd quarter. Choreo LLC now owns 4,374 shares of the conglomerate’s stock valued at $485,000 after acquiring an additional 248 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Federal Signal by 15.7% during the 3rd quarter. Park Avenue Securities LLC now owns 10,887 shares of the conglomerate’s stock worth $1,206,000 after acquiring an additional 1,481 shares in the last quarter. EULAV Asset Management raised its holdings in shares of Federal Signal by 6.2% in the third quarter. EULAV Asset Management now owns 310,336 shares of the conglomerate’s stock valued at $34,382,000 after purchasing an additional 18,000 shares during the last quarter. Finally, Sowell Financial Services LLC boosted its holdings in Federal Signal by 34.2% during the third quarter. Sowell Financial Services LLC now owns 2,172 shares of the conglomerate’s stock worth $241,000 after purchasing an additional 554 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on FSS. Zacks Research downgraded shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Citigroup dropped their price target on shares of Federal Signal from $150.00 to $135.00 and set a “buy” rating on the stock in a research report on Monday, November 2nd. Wall Street Zen cut shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, DA Davidson reduced their target price on Federal Signal from $132.00 to $126.00 and set a “neutral” rating for the company in a research note on Monday, November 2nd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.25.

Federal Signal Trading Up 1.2%

Shares of NYSE:FSS opened at $116.53 on Thursday. The stock has a market cap of $7.11 billion, a PE ratio of 24.18, a P/E/G ratio of 1.37 and a beta of 1.22. The company has a quick ratio of 1.35, a current ratio of 2.96 and a debt-to-equity ratio of 0.27. Federal Signal Corporation has a 12-month low of $101.18 and a 12-month high of $134.51. The business has a 50 day moving average of $114.80 and a 200-day moving average of $115.75.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, October 29th. The conglomerate reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.02. The business had revenue of $655.50 million during the quarter, compared to analysts’ expectations of $661.61 million. Federal Signal had a return on equity of 21.31% and a net margin of 11.65%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the firm posted $1.14 EPS. As a group, equities research analysts forecast that Federal Signal Corporation will post 5.24 earnings per share for the current year.

Federal Signal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, November 13th. Federal Signal’s dividend payout ratio (DPR) is currently 12.45%.

Federal Signal 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.