Van ECK Associates Corp Purchases 10,647 Shares of Federal Signal Co. (NYSE:FSS)

Van ECK Associates Corp lifted its position in shares of Federal Signal Co. (NYSE:FSS) by 40.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,263 shares of the conglomerate’s stock after purchasing an additional 10,647 shares during the period. Van ECK Associates Corp owned 0.06% of Federal Signal worth $3,483,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in Federal Signal by 113.4% during the third quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate’s stock worth $37,200,000 after buying an additional 211,555 shares during the last quarter. Millennium Management LLC increased its stake in Federal Signal by 77.8% in the 2nd quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock worth $37,298,000 after acquiring an additional 195,017 shares during the last quarter. Driehaus Capital Management LLC lifted its position in Federal Signal by 20.3% during the second quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock valued at $76,340,000 after purchasing an additional 153,765 shares during the last quarter. PineStone Asset Management Inc. purchased a new position in Federal Signal in the second quarter worth $11,982,000. Finally, F M Investments LLC purchased a new position in shares of Federal Signal during the second quarter worth approximately $11,058,000. 92.73% of the stock is owned by institutional investors.

Insider Transactions at Federal Signal

In related news, Director Brenda Reichelderfer sold 25,685 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the completion of the sale, the director now owns 57,417 shares of the company’s stock, valued at $5,339,206.83. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.10% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson lowered their price target on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th.

Federal Signal Stock Performance

Shares of FSS stock opened at $90.35 on Friday. 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 company’s fifty day moving average price is $88.74 and its 200-day moving average price is $88.78. The stock has a market cap of $5.52 billion, a PE ratio of 26.19 and a beta of 0.95. Federal Signal Co. has a 12 month low of $63.81 and a 12 month high of $102.18.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, topping the consensus estimate of $0.84 by $0.04. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Federal Signal’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts expect that Federal Signal Co. will post 3.33 EPS for the current fiscal year.

Federal Signal Announces Dividend

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

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.