Federal Signal Co. (NYSE:FSS) Shares Bought by Driehaus Capital Management LLC

Driehaus Capital Management LLC boosted its holdings in shares of Federal Signal Co. (NYSE:FSS) by 20.3% in the 2nd quarter, Holdings Channel reports. The firm owned 912,392 shares of the conglomerate’s stock after buying an additional 153,765 shares during the period. Driehaus Capital Management LLC’s holdings in Federal Signal were worth $76,340,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FSS. PNC Financial Services Group Inc. boosted its stake in shares of Federal Signal by 3.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,853 shares of the conglomerate’s stock worth $526,000 after acquiring an additional 244 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Federal Signal by 28.1% during the fourth quarter. Parallel Advisors LLC now owns 638 shares of the conglomerate’s stock valued at $49,000 after acquiring an additional 140 shares during the period. TFO Wealth Partners LLC lifted its position in shares of Federal Signal by 88,333.3% in the 4th quarter. TFO Wealth Partners LLC now owns 2,653 shares of the conglomerate’s stock valued at $204,000 after acquiring an additional 2,650 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in Federal Signal by 46.0% in the 4th quarter. Eagle Asset Management Inc. now owns 361,580 shares of the conglomerate’s stock worth $27,748,000 after purchasing an additional 113,955 shares during the period. Finally, Campbell & CO Investment Adviser LLC grew its position in Federal Signal by 74.7% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 9,598 shares of the conglomerate’s stock worth $737,000 after purchasing an additional 4,103 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, William Blair assumed coverage on Federal Signal in a report on Friday, May 31st. They set an “outperform” rating on the stock.

Insider Buying and Selling at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $92.99, for a total value of $2,388,448.15. Following the transaction, the director now owns 57,417 shares in the company, valued at $5,339,206.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.10% of the company’s stock.

Federal Signal Trading Up 0.2 %

NYSE:FSS opened at $93.00 on Friday. The stock has a market cap of $5.69 billion, a PE ratio of 31.42 and a beta of 0.94. Federal Signal Co. has a fifty-two week low of $57.05 and a fifty-two week high of $102.18. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.89 and a quick ratio of 1.35. The stock’s 50-day moving average is $92.24 and its two-hundred day moving average is $87.37.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. Federal Signal had a net margin of 11.16% and a return on equity of 18.31%. The firm had revenue of $490.40 million for the quarter, compared to the consensus estimate of $487.74 million. During the same period in the previous year, the firm posted $0.67 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. As a group, equities research analysts forecast that Federal Signal Co. will post 3.24 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.48 dividend on an annualized basis and a yield of 0.52%. Federal Signal’s payout ratio is 16.22%.

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.