Dimensional Fund Advisors LP lowered its stake in shares of Federal Signal Corporation (NYSE:FSS) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,942,181 shares of the conglomerate’s stock after selling 27,449 shares during the period. Dimensional Fund Advisors LP owned 8.24% of Federal Signal worth $105,169,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Brown Advisory Inc. lifted its holdings in Federal Signal by 6.3% during the third quarter. Brown Advisory Inc. now owns 1,252,470 shares of the conglomerate’s stock worth $26,653,000 after buying an additional 74,006 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Federal Signal by 8.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 421,390 shares of the conglomerate’s stock worth $8,968,000 after buying an additional 33,371 shares during the period. Campbell & CO Investment Adviser LLC lifted its holdings in Federal Signal by 84.6% during the third quarter. Campbell & CO Investment Adviser LLC now owns 21,825 shares of the conglomerate’s stock worth $464,000 after buying an additional 10,000 shares during the period. JPMorgan Chase & Co. lifted its holdings in Federal Signal by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 267,119 shares of the conglomerate’s stock worth $5,645,000 after buying an additional 9,467 shares during the period. Finally, Eagle Asset Management Inc. purchased a new stake in Federal Signal during the third quarter worth $6,833,000. Institutional investors own 84.10% of the company’s stock.
FSS has been the subject of a number of analyst reports. Zacks Investment Research lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $22.50.
Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.24 EPS for the quarter, beating the consensus estimate of $0.21 by $0.03. Federal Signal had a return on equity of 11.39% and a net margin of 5.30%. The firm had revenue of $249.00 million during the quarter, compared to analyst estimates of $240.30 million. During the same quarter in the prior year, the business posted $0.17 EPS. The business’s revenue for the quarter was up 33.4% compared to the same quarter last year. sell-side analysts expect that Federal Signal Corporation will post 0.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 14th were issued a dividend of $0.07 per share. The ex-dividend date was Monday, November 13th. This represents a $0.28 annualized dividend and a dividend yield of 1.40%. Federal Signal’s dividend payout ratio is presently 38.36%.
In related news, Director Dennis J. Martin sold 45,172 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $21.90, for a total value of $989,266.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brenda Reichelderfer sold 8,279 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $20.76, for a total value of $171,872.04. Following the completion of the transaction, the director now owns 69,388 shares of the company’s stock, valued at approximately $1,440,494.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 110,172 shares of company stock valued at $2,338,207. Company insiders own 4.20% of the company’s stock.
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About Federal Signal
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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