Thrivent Financial for Lutherans Cuts Stake in Federal Signal Co. (NYSE:FSS)

Thrivent Financial for Lutherans lessened its holdings in Federal Signal Co. (NYSE:FSS) by 5.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,017 shares of the conglomerate’s stock after selling 2,706 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Federal Signal worth $4,488,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. V Square Quantitative Management LLC acquired a new position in Federal Signal during the 3rd quarter worth $29,000. Point72 DIFC Ltd acquired a new position in shares of Federal Signal during the second quarter worth about $62,000. Canada Pension Plan Investment Board purchased a new stake in shares of Federal Signal during the second quarter worth approximately $84,000. GAMMA Investing LLC raised its holdings in Federal Signal by 60.4% in the second quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate’s stock valued at $89,000 after acquiring an additional 400 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in Federal Signal by 30.1% in the second quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate’s stock worth $94,000 after acquiring an additional 260 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson decreased their price objective on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th.

Federal Signal Price Performance

Shares of NYSE FSS opened at $95.87 on Monday. The stock’s 50-day simple moving average is $89.85 and its 200-day simple moving average is $89.39. The firm has a market capitalization of $5.86 billion, a PE ratio of 27.79 and a beta of 0.95. Federal Signal Co. has a fifty-two week low of $68.02 and a fifty-two week high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.

Federal Signal (NYSE:FSS) last issued its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $474.20 million during the quarter, compared to analysts’ expectations of $481.71 million. During the same quarter in the prior year, the business posted $0.71 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities research analysts forecast that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.12 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.50%. Federal Signal’s dividend payout ratio (DPR) is presently 13.91%.

Insider Buying and Selling

In related news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal stock in a transaction on 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 completion of the transaction, the director now directly owns 57,417 shares of the company’s stock, valued at approximately $5,339,206.83. The trade was a 30.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.10% of the stock is currently owned by company insiders.

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.