Dynamic Technology Lab Private Ltd Raises Stock Position in Federal Signal Co. (NYSE:FSS)

Dynamic Technology Lab Private Ltd grew its stake in shares of Federal Signal Co. (NYSE:FSS) by 105.4% in the third quarter, Holdings Channel.com reports. The fund owned 15,300 shares of the conglomerate’s stock after purchasing an additional 7,850 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Federal Signal were worth $1,430,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Federated Hermes Inc. raised its holdings in Federal Signal by 0.6% during the second quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate’s stock worth $1,699,000 after purchasing an additional 121 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Federal Signal by 4.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,996 shares of the conglomerate’s stock worth $251,000 after buying an additional 130 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Federal Signal by 4.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock valued at $399,000 after acquiring an additional 169 shares during the last quarter. Xponance Inc. increased its holdings in Federal Signal by 4.9% during the 2nd quarter. Xponance Inc. now owns 3,812 shares of the conglomerate’s stock valued at $319,000 after acquiring an additional 178 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Federal Signal by 2.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate’s stock valued at $530,000 after acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Insider Activity at Federal Signal

In other news, Director Brenda Reichelderfer sold 25,685 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the completion of the sale, the director now directly owns 57,417 shares of the company’s stock, valued at $5,339,206.83. The trade was a 30.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered their price target on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th.

Federal Signal Stock Performance

Federal Signal stock opened at $97.54 on Tuesday. Federal Signal Co. has a fifty-two week low of $68.02 and a fifty-two week high of $102.18. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 28.27 and a beta of 0.95. The stock has a fifty day moving average of $90.07 and a two-hundred day moving average of $89.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.

Federal Signal (NYSE:FSS) last announced its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. Federal Signal’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 earnings per share. On average, analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, November 15th. Federal Signal’s dividend payout ratio is currently 13.91%.

Federal Signal Profile

Federal Signal Corp. engages in the design and manufacture of products and integrated solutions for municipal, governmental, industrial, and commercial customers. It operates through the Environmental Solutions Group and Safety and Security Systems Group segments. The Environment Solutions Group segment is involved in the manufacture and supply of street sweeper vehicles, sewer cleaners, vacuum loader trucks, hydro-excavation trucks, and water blasting equipment.