Los Angeles Capital Management LLC Has $2.31 Million Stock Holdings in Federal Signal Co. (NYSE:FSS)

Los Angeles Capital Management LLC decreased its position in Federal Signal Co. (NYSE:FSS) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 24,752 shares of the conglomerate’s stock after selling 190 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Federal Signal were worth $2,313,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Federal Signal in the 1st quarter valued at $478,000. Russell Investments Group Ltd. lifted its position in shares of Federal Signal by 24.2% in the first quarter. Russell Investments Group Ltd. now owns 62,943 shares of the conglomerate’s stock valued at $5,342,000 after buying an additional 12,258 shares during the last quarter. ProShare Advisors LLC boosted its position in Federal Signal by 7.4% during the first quarter. ProShare Advisors LLC now owns 12,109 shares of the conglomerate’s stock worth $1,028,000 after purchasing an additional 832 shares during the period. Entropy Technologies LP acquired a new position in Federal Signal in the 1st quarter valued at about $369,000. Finally, Koshinski Asset Management Inc. acquired a new position in shares of Federal Signal in the first quarter valued at approximately $300,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insider Activity at Federal Signal

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $92.99, for a total value 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 approximately $5,339,206.83. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.10% of the stock is owned by insiders.

Federal Signal Stock Performance

Federal Signal stock opened at $92.39 on Thursday. Federal Signal Co. has a 1 year low of $66.04 and a 1 year high of $102.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The company has a market capitalization of $5.65 billion, a P/E ratio of 26.79 and a beta of 0.95. The business has a 50 day moving average of $88.72 and a 200-day moving average of $88.92.

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

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 0.52%. Federal Signal’s dividend payout ratio (DPR) is currently 13.91%.

Wall Street Analyst Weigh In

Separately, DA Davidson lowered their target price 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 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.