First Trust Advisors LP increased its holdings in shares of Federal Signal Co. (NYSE:FSS) by 21.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 281,514 shares of the conglomerate’s stock after acquiring an additional 50,292 shares during the period. First Trust Advisors LP owned about 0.47% of Federal Signal worth $7,539,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Crossmark Global Holdings Inc. bought a new stake in shares of Federal Signal during the 2nd quarter worth approximately $204,000. Cubist Systematic Strategies LLC bought a new stake in shares of Federal Signal during the 2nd quarter worth approximately $206,000. Amalgamated Bank bought a new stake in shares of Federal Signal during the 2nd quarter worth approximately $224,000. Engineers Gate Manager LP bought a new stake in shares of Federal Signal during the 2nd quarter worth approximately $281,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Federal Signal during the 2nd quarter worth approximately $296,000. 88.34% of the stock is owned by hedge funds and other institutional investors.

In other Federal Signal news, Director Dennis J. Martin sold 55,000 shares of the firm’s stock in a transaction 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 directly 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 is available at the SEC website. Company insiders own 4.30% of the company’s stock.

A number of brokerages recently issued reports on FSS. Zacks Investment Research lowered Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 9th. ValuEngine downgraded Federal Signal from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd.

FSS traded down $0.83 during trading on Friday, hitting $21.16. 353,031 shares of the stock were exchanged, compared to its average volume of 328,676. The company has a market capitalization of $1.32 billion, a P/E ratio of 24.89 and a beta of 1.42. Federal Signal Co. has a 1 year low of $18.37 and a 1 year high of $28.32. The company has a quick ratio of 1.04, a current ratio of 2.03 and a debt-to-equity ratio of 0.43.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, November 9th. This represents a $0.32 annualized dividend and a yield of 1.51%. Federal Signal’s payout ratio is currently 37.65%.

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Federal Signal Profile

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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