Federal Signal Corporation $FSS Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC decreased its position in shares of Federal Signal Corporation (NYSE:FSS) by 22.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 554,046 shares of the conglomerate’s stock after selling 162,545 shares during the period. Federal Signal accounts for about 1.9% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 20th largest position. Conestoga Capital Advisors LLC’s holdings in Federal Signal were worth $61,383,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FSS. Richardson Financial Services Inc. boosted its position in shares of Federal Signal by 67.7% in the third quarter. Richardson Financial Services Inc. now owns 265 shares of the conglomerate’s stock worth $29,000 after purchasing an additional 107 shares during the period. Provenance Wealth Advisors LLC increased its stake in shares of Federal Signal by 15,921.1% in the third quarter. Provenance Wealth Advisors LLC now owns 3,044 shares of the conglomerate’s stock worth $337,000 after purchasing an additional 3,025 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Federal Signal by 12.6% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 23,300 shares of the conglomerate’s stock worth $2,581,000 after purchasing an additional 2,600 shares in the last quarter. Choreo LLC raised its position in shares of Federal Signal by 6.0% during the 3rd quarter. Choreo LLC now owns 4,374 shares of the conglomerate’s stock valued at $485,000 after purchasing an additional 248 shares during the period. Finally, Park Avenue Securities LLC raised its position in shares of Federal Signal by 15.7% during the 3rd quarter. Park Avenue Securities LLC now owns 10,887 shares of the conglomerate’s stock valued at $1,206,000 after purchasing an additional 1,481 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FSS. DA Davidson lowered their target price on shares of Federal Signal from $132.00 to $126.00 and set a “neutral” rating on the stock in a research note on Monday. Weiss Ratings upgraded Federal Signal from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Wall Street Zen cut Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Zacks Research downgraded Federal Signal from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Finally, Citigroup dropped their price objective on Federal Signal from $150.00 to $135.00 and set a “buy” rating for the company in a research note on Monday. 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, Federal Signal has an average rating of “Moderate Buy” and an average price target of $135.25.

Federal Signal Trading Up 0.9%

Shares of FSS opened at $118.22 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.96 and a quick ratio of 1.35. Federal Signal Corporation has a 1 year low of $101.18 and a 1 year high of $134.51. The company has a 50 day simple moving average of $115.11 and a two-hundred day simple moving average of $115.72. The firm has a market cap of $7.21 billion, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Thursday, October 29th. The conglomerate reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.02. Federal Signal had a net margin of 11.65% and a return on equity of 21.31%. The firm had revenue of $655.50 million for the quarter, compared to analysts’ expectations of $661.61 million. During the same quarter last year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, equities analysts expect that Federal Signal Corporation will post 5.24 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The business also recently announced 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%.

About Federal Signal

Federal Signal Corporation (NYSE:FSS) designs and manufactures equipment and systems used by municipalities, government agencies, industrial organizations and commercial customers. Its products support public safety, infrastructure maintenance, environmental protection and emergency response activities.

The company operates through two principal business areas: Environmental Solutions and Safety and Security Systems. Environmental Solutions products include street sweepers, sewer cleaners, vacuum trucks, hydro-excavation equipment, dump bodies and snow and ice control equipment.