Los Angeles Capital Management & Equity Research Inc. Purchases Shares of 26,365 Federal Signal Co. (FSS)

Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Federal Signal Co. (NYSE:FSS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 26,365 shares of the conglomerate’s stock, valued at approximately $706,000.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. increased its holdings in Federal Signal by 7.3% during the 2nd quarter. BlackRock Inc. now owns 8,186,182 shares of the conglomerate’s stock valued at $190,654,000 after purchasing an additional 555,538 shares during the period. Macquarie Group Ltd. grew its holdings in shares of Federal Signal by 11.9% during the 2nd quarter. Macquarie Group Ltd. now owns 1,760,311 shares of the conglomerate’s stock worth $40,998,000 after acquiring an additional 187,150 shares during the period. Northern Trust Corp grew its holdings in shares of Federal Signal by 13.1% during the 2nd quarter. Northern Trust Corp now owns 840,211 shares of the conglomerate’s stock worth $19,569,000 after acquiring an additional 97,060 shares during the period. Royce & Associates LP grew its holdings in shares of Federal Signal by 1.6% during the 2nd quarter. Royce & Associates LP now owns 837,548 shares of the conglomerate’s stock worth $19,506,000 after acquiring an additional 13,382 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Federal Signal by 9.9% during the 2nd quarter. Millennium Management LLC now owns 664,288 shares of the conglomerate’s stock worth $15,471,000 after acquiring an additional 59,905 shares during the period. Institutional investors own 88.06% of the company’s stock.

FSS stock opened at $23.22 on Monday. Federal Signal Co. has a fifty-two week low of $18.37 and a fifty-two week high of $28.32. The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 27.32 and a beta of 1.45.

Federal Signal (NYSE:FSS) last posted its earnings results on Tuesday, November 6th. The conglomerate reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. Federal Signal had a return on equity of 16.15% and a net margin of 8.69%. The firm had revenue of $269.40 million for the quarter, compared to the consensus estimate of $267.15 million. During the same quarter in the prior year, the business earned $0.24 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts expect that Federal Signal Co. will post 1.36 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.38%. Federal Signal’s dividend payout ratio (DPR) is 37.65%.

A number of research analysts have weighed in on the company. ValuEngine downgraded Federal Signal from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Zacks Investment Research upgraded Federal Signal from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a report on Thursday, August 9th.

In other Federal Signal news, Director Dennis J. Martin sold 55,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $23.14, for a total transaction of $1,272,700.00. Following the transaction, the director now owns 290,728 shares in the company, valued at approximately $6,727,445.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.30% of the stock is currently owned by corporate insiders.

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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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