Great West Life Assurance Co. Can reduced its stake in shares of Federal Signal Corporation (NYSE:FSS) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 80,220 shares of the conglomerate’s stock after selling 5,844 shares during the quarter. Great West Life Assurance Co. Can owned 0.13% of Federal Signal worth $1,694,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Pinebridge Investments L.P. grew its position in Federal Signal by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 7,876 shares of the conglomerate’s stock worth $137,000 after buying an additional 86 shares during the period. Municipal Employees Retirement System of Michigan grew its position in Federal Signal by 3.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 14,080 shares of the conglomerate’s stock worth $244,000 after buying an additional 410 shares during the period. Texas Permanent School Fund grew its position in Federal Signal by 1.0% during the second quarter. Texas Permanent School Fund now owns 43,651 shares of the conglomerate’s stock worth $758,000 after buying an additional 412 shares during the period. Thrivent Financial For Lutherans grew its position in Federal Signal by 0.6% during the second quarter. Thrivent Financial For Lutherans now owns 281,600 shares of the conglomerate’s stock worth $4,889,000 after buying an additional 1,700 shares during the period. Finally, Bank of Montreal Can grew its position in Federal Signal by 6.6% during the second quarter. Bank of Montreal Can now owns 29,692 shares of the conglomerate’s stock worth $515,000 after buying an additional 1,830 shares during the period. Institutional investors own 84.10% of the company’s stock.

In other Federal Signal news, Director Dennis J. Martin sold 45,172 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $21.90, for a total value of $989,266.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brenda Reichelderfer sold 45,721 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $20.76, for a total transaction of $949,167.96. The disclosure for this sale can be found here. Insiders sold 110,172 shares of company stock worth $2,338,207 in the last ninety days. Insiders own 4.20% of the company’s stock.

Several brokerages have weighed in on FSS. Zacks Investment Research upgraded shares of Federal Signal from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Monday, November 6th. ValuEngine lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $22.50.

Shares of Federal Signal Corporation (NYSE:FSS) opened at $19.97 on Wednesday. Federal Signal Corporation has a fifty-two week low of $13.07 and a fifty-two week high of $23.64. The stock has a market cap of $1,227.27, a PE ratio of 26.57 and a beta of 1.30. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.37 and a quick ratio of 1.23.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. Federal Signal had a net margin of 5.30% and a return on equity of 11.39%. The company had revenue of $249.00 million for the quarter, compared to the consensus estimate of $240.30 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The company’s revenue for the quarter was up 33.4% compared to the same quarter last year. equities research analysts expect that Federal Signal Corporation will post 0.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 14th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Monday, November 13th. Federal Signal’s dividend payout ratio (DPR) is presently 38.36%.

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Federal Signal Company Profile

Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.

Institutional Ownership by Quarter for Federal Signal (NYSE:FSS)

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