Invictus RG Purchases New Position in Federal Signal Co. (FSS)
Invictus RG bought a new position in shares of Federal Signal Co. (NYSE:FSS) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 10,293 shares of the conglomerate’s stock, valued at approximately $276,000.
A number of other large investors also recently made changes to their positions in FSS. BlackRock Inc. raised its position in Federal Signal by 7.3% during the 2nd quarter. BlackRock Inc. now owns 8,186,182 shares of the conglomerate’s stock worth $190,654,000 after purchasing an additional 555,538 shares during the last quarter. WINTON GROUP Ltd raised its position in Federal Signal by 2,190.6% during the 3rd quarter. WINTON GROUP Ltd now owns 443,307 shares of the conglomerate’s stock worth $11,872,000 after purchasing an additional 423,954 shares during the last quarter. Paradigm Capital Management Inc. NY bought a new position in Federal Signal during the 2nd quarter worth $8,911,000. Intrinsic Edge Capital Management LLC bought a new position in Federal Signal during the 2nd quarter worth $8,859,000. Finally, Eagle Asset Management Inc. raised its position in Federal Signal by 141.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 619,503 shares of the conglomerate’s stock worth $16,590,000 after purchasing an additional 362,573 shares during the last quarter. 88.34% of the stock is owned by institutional investors and hedge funds.
Shares of Federal Signal stock opened at $21.16 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.03 and a quick ratio of 1.04. Federal Signal Co. has a 1-year low of $18.37 and a 1-year high of $28.32. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 24.89 and a beta of 1.42.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 27th. Shareholders of record on Tuesday, November 13th were issued a dividend of $0.08 per share. The ex-dividend date was Friday, November 9th. This represents a $0.32 dividend on an annualized basis and a yield of 1.51%. Federal Signal’s payout ratio is currently 37.65%.
In other Federal Signal news, Director Dennis J. Martin sold 55,000 shares of the stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $23.14, for a total transaction of $1,272,700.00. Following the completion of the sale, the director now directly owns 290,728 shares in the company, valued at approximately $6,727,445.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.30% of the company’s stock.
FSS has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Federal Signal from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, November 8th. ValuEngine downgraded Federal Signal from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd.
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Federal Signal Company Profile
Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.
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