Federal Signal Co. (NYSE:FSS) Shares Sold by Entropy Technologies LP

Entropy Technologies LP decreased its holdings in Federal Signal Co. (NYSE:FSS) by 26.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,455 shares of the conglomerate’s stock after selling 2,691 shares during the quarter. Entropy Technologies LP’s holdings in Federal Signal were worth $697,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Federal Signal by 1.6% in the first quarter. Vanguard Group Inc. now owns 6,786,204 shares of the conglomerate’s stock worth $575,945,000 after purchasing an additional 106,899 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in Federal Signal by 2.6% during the third quarter. Conestoga Capital Advisors LLC now owns 1,389,045 shares of the conglomerate’s stock valued at $129,820,000 after buying an additional 35,167 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in Federal Signal by 20.3% during the second quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock valued at $76,340,000 after buying an additional 153,765 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Federal Signal by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 524,869 shares of the conglomerate’s stock valued at $43,916,000 after buying an additional 11,685 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Federal Signal by 77.8% during the second quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock valued at $37,298,000 after buying an additional 195,017 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Down 1.8 %

Shares of Federal Signal stock opened at $90.71 on Friday. The stock has a 50-day moving average price of $88.81 and a 200 day moving average price of $88.95. The company has a market cap of $5.54 billion, a P/E ratio of 26.70 and a beta of 0.95. 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 $68.02 and a 1 year high of $102.18.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.04. The firm had revenue of $474.20 million during the quarter, compared to the consensus estimate of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.71 EPS. As a group, analysts expect that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Friday, November 15th. Federal Signal’s dividend payout ratio (DPR) is presently 13.91%.

Wall Street Analyst Weigh In

Separately, DA Davidson decreased their price target 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 Transactions at Federal Signal

In other news, Director Brenda Reichelderfer sold 25,685 shares of the firm’s 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 completion of the sale, the director now directly owns 57,417 shares of the company’s stock, valued at $5,339,206.83. This trade represents a 30.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.10% of the company’s stock.

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.