Federal Signal Co. (NYSE:FSS) Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its holdings in Federal Signal Co. (NYSE:FSS) by 7.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,820 shares of the conglomerate’s stock after selling 725 shares during the period. Atria Investments Inc’s holdings in Federal Signal were worth $824,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in Federal Signal by 1.6% in the first quarter. Vanguard Group Inc. now owns 6,786,204 shares of the conglomerate’s stock valued at $575,945,000 after purchasing an additional 106,899 shares during the period. Conestoga Capital Advisors LLC raised its holdings in shares of Federal Signal by 2.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,389,045 shares of the conglomerate’s stock valued at $129,820,000 after buying an additional 35,167 shares during the period. Driehaus Capital Management LLC lifted its position in Federal Signal by 20.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock worth $76,340,000 after acquiring an additional 153,765 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Federal Signal by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 524,869 shares of the conglomerate’s stock worth $43,916,000 after acquiring an additional 11,685 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Federal Signal by 77.8% during the second quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock worth $37,298,000 after purchasing an additional 195,017 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Stock Performance

Federal Signal stock opened at $90.53 on Tuesday. Federal Signal Co. has a 52 week low of $68.02 and a 52 week high of $102.18. 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 $5.53 billion, a P/E ratio of 25.71 and a beta of 0.95. The stock has a 50 day moving average of $89.04 and a 200-day moving average of $89.10.

Federal Signal (NYSE:FSS) last posted its quarterly 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. The firm had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 earnings per share. On average, analysts expect that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal’s dividend payout ratio is currently 13.91%.

Insider Activity at Federal Signal

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal stock in a transaction on Friday, August 30th. The shares were sold at an average price of $92.99, for a total value of $2,388,448.15. Following the completion of the transaction, the director now owns 57,417 shares of the company’s stock, valued at $5,339,206.83. The trade was a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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 research report on Tuesday, November 5th.

Federal Signal 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.