Algert Global LLC Increases Position in Federal Signal Co. (NYSE:FSS)

Algert Global LLC grew its stake in Federal Signal Co. (NYSE:FSS) by 195.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 45,247 shares of the conglomerate’s stock after acquiring an additional 29,947 shares during the quarter. Algert Global LLC owned about 0.07% of Federal Signal worth $3,786,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Driehaus Capital Management LLC increased its holdings in shares of Federal Signal by 20.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock valued at $76,340,000 after acquiring an additional 153,765 shares during the period. Susquehanna Fundamental Investments LLC increased its position in Federal Signal by 186.1% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 30,930 shares of the conglomerate’s stock valued at $2,588,000 after buying an additional 20,120 shares in the last quarter. Scientech Research LLC acquired a new position in Federal Signal during the 2nd quarter valued at about $404,000. The Manufacturers Life Insurance Company increased its position in Federal Signal by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,253 shares of the conglomerate’s stock valued at $2,950,000 after buying an additional 1,091 shares in the last quarter. Finally, Millennium Management LLC increased its position in Federal Signal by 77.8% during the 2nd 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. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Federal Signal Trading Up 0.5 %

Shares of NYSE:FSS opened at $93.46 on Tuesday. The business’s 50-day moving average is $92.27 and its 200 day moving average is $87.60. Federal Signal Co. has a 1 year low of $57.05 and a 1 year high of $102.18. The firm has a market capitalization of $5.72 billion, a P/E ratio of 31.57 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 1.35.

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

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, August 16th. This represents a $0.48 annualized dividend and a yield of 0.51%. Federal Signal’s payout ratio is presently 16.22%.

Insider Buying and Selling at Federal Signal

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the business’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 sale, the director now owns 57,417 shares in the company, valued at approximately $5,339,206.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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.