Federal Signal Co. (NYSE:FSS) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in Federal Signal Co. (NYSE:FSS) by 93.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,157 shares of the conglomerate’s stock after selling 32,748 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Federal Signal were worth $202,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Federated Hermes Inc. increased its stake in shares of Federal Signal by 0.6% in the second quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate’s stock worth $1,699,000 after acquiring an additional 121 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in Federal Signal by 4.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,996 shares of the conglomerate’s stock valued at $251,000 after purchasing an additional 130 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in Federal Signal by 4.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock worth $399,000 after purchasing an additional 169 shares during the period. Xponance Inc. raised its stake in shares of Federal Signal by 4.9% during the 2nd quarter. Xponance Inc. now owns 3,812 shares of the conglomerate’s stock valued at $319,000 after buying an additional 178 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Federal Signal by 2.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate’s stock valued at $530,000 after buying an additional 180 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson dropped their target price on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th.

Federal Signal Stock Performance

FSS opened at $97.41 on Monday. The firm has a fifty day moving average price of $90.65 and a 200 day moving average price of $89.79. Federal Signal Co. has a 1 year low of $68.02 and a 1 year high of $102.18. The stock has a market cap of $5.95 billion, a P/E ratio of 28.23 and a beta of 0.95. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $481.71 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The company’s revenue was up 6.2% compared to the same quarter last year. Equities research analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal’s payout ratio is 13.91%.

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.