Quantinno Capital Management LP Makes New $229,000 Investment in Federal Signal Co. (NYSE:FSS)

Quantinno Capital Management LP bought a new stake in Federal Signal Co. (NYSE:FSS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,452 shares of the conglomerate’s stock, valued at approximately $229,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FSS. Quest Partners LLC lifted its stake in Federal Signal by 4,025.9% in the third quarter. Quest Partners LLC now owns 18,608 shares of the conglomerate’s stock valued at $1,739,000 after purchasing an additional 18,157 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Federal Signal by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock valued at $71,875,000 after buying an additional 31,517 shares during the period. EULAV Asset Management lifted its position in shares of Federal Signal by 15.3% during the 3rd quarter. EULAV Asset Management now owns 240,803 shares of the conglomerate’s stock valued at $22,505,000 after buying an additional 32,000 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Federal Signal by 17.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate’s stock worth $14,246,000 after acquiring an additional 22,821 shares during the period. Finally, Citigroup Inc. increased its holdings in Federal Signal by 39.3% in the 3rd quarter. Citigroup Inc. now owns 82,664 shares of the conglomerate’s stock worth $7,726,000 after acquiring an additional 23,310 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Federal Signal Stock Up 1.2 %

Federal Signal stock opened at $97.60 on Tuesday. The firm has a 50 day simple moving average of $91.75 and a 200 day simple moving average of $90.59. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 1-year low of $71.29 and a 1-year high of $102.18. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 28.23 and a beta of 0.99.

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

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued 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 of this dividend was Friday, November 15th. Federal Signal’s payout ratio is 13.91%.

About Federal Signal

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.