6,359 Federal Signal Corporation $FSS Shares Sold by State of Wyoming

State of Wyoming lowered its holdings in Federal Signal Corporation (NYSE:FSS) by 91.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 627 shares of the conglomerate’s stock after selling 6,359 shares during the quarter. State of Wyoming’s holdings in Federal Signal were worth $69,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in FSS. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Federal Signal by 12.6% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 23,300 shares of the conglomerate’s stock valued at $2,581,000 after purchasing an additional 2,600 shares in the last quarter. Choreo LLC boosted its holdings in shares of Federal Signal by 6.0% in the 3rd quarter. Choreo LLC now owns 4,374 shares of the conglomerate’s stock worth $485,000 after acquiring an additional 248 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Federal Signal by 15.7% in the 3rd quarter. Park Avenue Securities LLC now owns 10,887 shares of the conglomerate’s stock worth $1,206,000 after acquiring an additional 1,481 shares in the last quarter. EULAV Asset Management grew its position in Federal Signal by 6.2% during the 3rd quarter. EULAV Asset Management now owns 310,336 shares of the conglomerate’s stock worth $34,382,000 after acquiring an additional 18,000 shares during the last quarter. Finally, Sowell Financial Services LLC grew its position in Federal Signal by 34.2% during the 3rd quarter. Sowell Financial Services LLC now owns 2,172 shares of the conglomerate’s stock worth $241,000 after acquiring an additional 554 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Trading Up 1.2%

NYSE FSS opened at $116.53 on Thursday. The company has a current ratio of 2.96, a quick ratio of 1.35 and a debt-to-equity ratio of 0.27. Federal Signal Corporation has a 12 month low of $101.18 and a 12 month high of $134.51. The company has a market capitalization of $7.11 billion, a PE ratio of 24.18, a P/E/G ratio of 1.37 and a beta of 1.22. The stock has a 50-day simple moving average of $114.80 and a 200 day simple moving average of $115.75.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Thursday, October 29th. The conglomerate reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. Federal Signal had a return on equity of 21.31% and a net margin of 11.65%. The company had revenue of $655.50 million during the quarter, compared to analysts’ expectations of $661.61 million. During the same period in the prior year, the business posted $1.14 EPS. Federal Signal’s revenue was up 18.1% on a year-over-year basis. Research analysts forecast that Federal Signal Corporation will post 5.24 EPS for the current year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Friday, November 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, November 13th. Federal Signal’s dividend payout ratio (DPR) is presently 12.45%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FSS shares. Weiss Ratings raised Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Wall Street Zen lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research cut shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Citigroup reduced their price objective on Federal Signal from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, November 2nd. Finally, DA Davidson lowered their target price on Federal Signal from $132.00 to $126.00 and set a “neutral” rating for the company in a research note on Monday, November 2nd. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.25.

About Federal Signal

Federal Signal Corporation designs and manufactures products and equipment for environmental services, public safety and security. Its customers include municipalities, contractors, industrial businesses and public safety organizations. Through its Environmental Solutions Group, the company makes street sweepers, sewer cleaners, industrial vacuum loaders, waterblasting equipment and related vehicles and services. Its Safety and Security Systems Group provides warning sirens, emergency vehicle equipment and systems for public notification and communication.