Federal Signal Co. (NYSE:FSS) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd trimmed its stake in shares of Federal Signal Co. (NYSE:FSS) by 43.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,513 shares of the conglomerate’s stock after selling 1,173 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Federal Signal were worth $141,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in shares of Federal Signal in the 3rd quarter worth about $29,000. Point72 DIFC Ltd purchased a new position in Federal Signal during the 2nd quarter valued at about $62,000. Canada Pension Plan Investment Board acquired a new position in Federal Signal during the second quarter worth about $84,000. GAMMA Investing LLC lifted its holdings in shares of Federal Signal by 60.4% in the second quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate’s stock valued at $89,000 after purchasing an additional 400 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Federal Signal by 30.1% in the second quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate’s stock valued at $94,000 after purchasing an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson cut their price objective on Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th.

Insider Activity

In related news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the transaction, the director now directly owns 57,417 shares in the company, valued at approximately $5,339,206.83. This represents a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.10% of the company’s stock.

Federal Signal Stock Up 0.2 %

FSS opened at $97.87 on Thursday. The firm has a market cap of $5.98 billion, a P/E ratio of 28.37 and a beta of 0.95. The business’s fifty day simple moving average is $90.41 and its 200 day simple moving average is $89.62. Federal Signal Co. has a 52 week low of $68.02 and a 52 week high of $102.18. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.04. The business had revenue of $474.20 million during the quarter, compared to the consensus estimate of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 earnings per share. As a group, equities research 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 issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Friday, November 15th. Federal Signal’s dividend payout ratio (DPR) is 13.91%.

Federal Signal Company 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.