Envestnet Asset Management Inc. Increases Holdings in Federal Signal Co. (NYSE:FSS)

Envestnet Asset Management Inc. increased its position in Federal Signal Co. (NYSE:FSS) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,323 shares of the conglomerate’s stock after acquiring an additional 8,337 shares during the period. Envestnet Asset Management Inc. owned approximately 0.27% of Federal Signal worth $13,833,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in Federal Signal by 28.1% in the fourth quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock valued at $49,000 after purchasing an additional 140 shares during the last quarter. GAMMA Investing LLC raised its position in Federal Signal by 34.6% during the first quarter. GAMMA Investing LLC now owns 662 shares of the conglomerate’s stock worth $56,000 after acquiring an additional 170 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Federal Signal by 223.6% in the first quarter. Covestor Ltd now owns 893 shares of the conglomerate’s stock valued at $76,000 after purchasing an additional 617 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Federal Signal in the first quarter valued at approximately $85,000. Finally, Fifth Third Bancorp increased its stake in shares of Federal Signal by 30.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate’s stock worth $94,000 after purchasing an additional 260 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director Brenda Reichelderfer sold 25,685 shares of the 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 transaction, the director now directly owns 57,417 shares in the company, valued at $5,339,206.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

Federal Signal Stock Up 1.0 %

FSS opened at $92.91 on Wednesday. The business’s fifty day simple moving average is $92.28 and its 200 day simple moving average is $87.29. Federal Signal Co. has a 52 week low of $57.05 and a 52 week high of $102.18. The firm has a market cap of $5.68 billion, a P/E ratio of 31.39 and a beta of 0.94. 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 issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11. The business had revenue of $490.40 million during the quarter, compared to the consensus estimate 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 firm posted $0.67 earnings per share. As a group, equities research analysts anticipate that Federal Signal Co. will post 3.24 EPS for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Friday, August 16th. Federal Signal’s dividend payout ratio (DPR) is 16.22%.

Federal Signal Company Profile

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.