Federal Signal Co. (NYSE:FSS) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. lowered its position in shares of Federal Signal Co. (NYSE:FSS) by 15.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,250 shares of the conglomerate’s stock after selling 990 shares during the quarter. Everence Capital Management Inc.’s holdings in Federal Signal were worth $485,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in Federal Signal during the third quarter worth about $29,000. Quarry LP raised its stake in shares of Federal Signal by 73.5% during the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after buying an additional 183 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Federal Signal in the 3rd quarter valued at approximately $46,000. Point72 DIFC Ltd purchased a new stake in shares of Federal Signal in the second quarter valued at approximately $62,000. Finally, Millburn Ridgefield Corp acquired a new position in Federal Signal during the third quarter worth $70,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th. Raymond James reiterated an “outperform” rating and set a $110.00 price target on shares of Federal Signal in a research report on Tuesday, December 24th. Finally, DA Davidson lowered their price target 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 Price Performance

Shares of NYSE FSS opened at $95.87 on Monday. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 27.79 and a beta of 1.01. The company’s 50-day moving average price is $92.77 and its 200 day moving average price is $91.30. Federal Signal Co. has a 52 week low of $71.29 and a 52 week high of $102.18.

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

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend was Friday, November 15th. Federal Signal’s dividend payout ratio is presently 13.91%.

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.