Intech Investment Management LLC Invests $1.91 Million in Federal Signal Co. (NYSE:FSS)

Intech Investment Management LLC purchased a new position in Federal Signal Co. (NYSE:FSS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 22,805 shares of the conglomerate’s stock, valued at approximately $1,908,000.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in 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 buying an additional 106,899 shares during the last quarter. Norges Bank bought a new position in Federal Signal in the 4th quarter valued at approximately $52,130,000. Global Alpha Capital Management Ltd. boosted its stake in Federal Signal by 13.0% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 616,913 shares of the conglomerate’s stock valued at $52,357,000 after purchasing an additional 71,200 shares during the last quarter. Putnam Investments LLC increased its holdings in shares of Federal Signal by 3.2% in the 4th quarter. Putnam Investments LLC now owns 524,962 shares of the conglomerate’s stock worth $40,286,000 after purchasing an additional 16,049 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Federal Signal by 2.3% in the second quarter. Bank of New York Mellon Corp now owns 524,869 shares of the conglomerate’s stock worth $43,916,000 after purchasing an additional 11,685 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Insider Buying and Selling at Federal Signal

In other news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $92.99, for a total value of $2,388,448.15. Following the transaction, the director now owns 57,417 shares in the company, valued at approximately $5,339,206.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, William Blair began coverage on Federal Signal in a research report on Friday, May 31st. They set an “outperform” rating on the stock.

Federal Signal Stock Up 0.4 %

FSS opened at $91.91 on Tuesday. The stock has a market capitalization of $5.62 billion, a price-to-earnings ratio of 31.05 and a beta of 0.94. The firm has a 50 day moving average price of $92.41 and a 200-day moving average price of $87.20. Federal Signal Co. has a twelve month low of $57.05 and a twelve month high of $102.18. The company has a quick ratio of 1.35, a current ratio of 2.89 and a debt-to-equity ratio of 0.23.

Federal Signal (NYSE:FSS) last announced its earnings results on Thursday, July 25th. The conglomerate reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. The business had revenue of $490.40 million during the quarter, compared to analyst estimates of $487.74 million. Federal Signal had a net margin of 11.16% and a return on equity of 18.31%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. Equities research analysts forecast that Federal Signal Co. will post 3.24 earnings per share for the current year.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.12 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.48 annualized dividend and a yield of 0.52%. Federal Signal’s payout ratio is 16.22%.

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.