Federal Signal Co. (FSS) Position Cut by Alps Advisors Inc.

Alps Advisors Inc. cut its position in shares of Federal Signal Co. (NYSE:FSS) by 11.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,877 shares of the conglomerate’s stock after selling 2,396 shares during the period. Alps Advisors Inc.’s holdings in Federal Signal were worth $479,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FSS. Legal & General Group Plc lifted its holdings in Federal Signal by 2.0% during the first quarter. Legal & General Group Plc now owns 125,951 shares of the conglomerate’s stock valued at $2,761,000 after purchasing an additional 2,484 shares in the last quarter. MetLife Investment Advisors LLC lifted its holdings in Federal Signal by 10.5% during the second quarter. MetLife Investment Advisors LLC now owns 27,402 shares of the conglomerate’s stock valued at $638,000 after purchasing an additional 2,604 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in Federal Signal by 12.1% during the second quarter. OppenheimerFunds Inc. now owns 37,668 shares of the conglomerate’s stock valued at $877,000 after purchasing an additional 4,076 shares in the last quarter. Zacks Investment Management lifted its holdings in Federal Signal by 10.4% during the second quarter. Zacks Investment Management now owns 45,432 shares of the conglomerate’s stock valued at $1,058,000 after purchasing an additional 4,270 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Federal Signal by 1.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 470,513 shares of the conglomerate’s stock valued at $10,959,000 after purchasing an additional 5,736 shares in the last quarter. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:FSS opened at $23.51 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $1.43 billion, a PE ratio of 27.66 and a beta of 1.45. Federal Signal Co. has a twelve month low of $18.37 and a twelve month high of $28.32.

Federal Signal (NYSE:FSS) last posted its quarterly earnings results on Tuesday, November 6th. The conglomerate reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The firm had revenue of $269.40 million for the quarter, compared to the consensus estimate of $267.15 million. Federal Signal had a net margin of 8.69% and a return on equity of 16.48%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share. On average, research analysts anticipate that Federal Signal Co. will post 1.32 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 27th. Stockholders of record on Tuesday, November 13th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, November 9th. Federal Signal’s dividend payout ratio is currently 37.65%.

Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Monday, July 16th. ValuEngine downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd.

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About Federal Signal

Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.

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Institutional Ownership by Quarter for Federal Signal (NYSE:FSS)

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