nVerses Capital LLC Sells 2,600 Shares of Federal Signal Co. (NYSE:FSS)

nVerses Capital LLC decreased its position in shares of Federal Signal Co. (NYSE:FSS) by 86.7% during the third quarter, Holdings Channel.com reports. The fund owned 400 shares of the conglomerate’s stock after selling 2,600 shares during the quarter. nVerses Capital LLC’s holdings in Federal Signal were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Federated Hermes Inc. raised its position in shares of Federal Signal by 0.6% during the 2nd quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate’s stock valued at $1,699,000 after purchasing an additional 121 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Federal Signal by 4.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,996 shares of the conglomerate’s stock worth $251,000 after buying an additional 130 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Federal Signal by 34.6% in the first quarter. GAMMA Investing LLC now owns 662 shares of the conglomerate’s stock valued at $56,000 after acquiring an additional 170 shares in the last quarter. Xponance Inc. lifted its position in shares of Federal Signal by 4.9% in the second quarter. Xponance Inc. now owns 3,812 shares of the conglomerate’s stock valued at $319,000 after acquiring an additional 178 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Federal Signal by 2.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate’s stock worth $530,000 after acquiring an additional 180 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Insider Activity

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 transaction of $2,388,448.15. Following the completion of the transaction, the director now directly owns 57,417 shares of the company’s stock, valued at approximately $5,339,206.83. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

Federal Signal Stock Down 3.3 %

Shares of FSS opened at $84.97 on Wednesday. The business’s 50 day moving average is $90.92 and its 200 day moving average is $88.64. The company has a current ratio of 2.89, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23. Federal Signal Co. has a 12-month low of $57.05 and a 12-month high of $102.18. The company has a market capitalization of $5.20 billion, a PE ratio of 25.83 and a beta of 0.93.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Thursday, July 25th. The conglomerate reported $0.95 earnings per share (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 business had revenue of $490.40 million during the quarter, compared to analyst estimates of $487.74 million. During the same period last year, the firm posted $0.67 EPS. The company’s revenue was up 10.8% on a year-over-year basis. Research analysts expect that Federal Signal Co. will post 3.24 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.56%. Federal Signal’s dividend payout ratio (DPR) is presently 14.59%.

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.