MML Investors Services LLC Has $229,000 Stake in Federal Signal Co. (NYSE:FSS)

MML Investors Services LLC reduced its holdings in shares of Federal Signal Co. (NYSE:FSS) by 12.8% in the third quarter, HoldingsChannel.com reports. The fund owned 2,446 shares of the conglomerate’s stock after selling 359 shares during the quarter. MML Investors Services LLC’s holdings in Federal Signal were worth $229,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in FSS. Zacks Investment Management grew its stake in Federal Signal by 70.6% during the third quarter. Zacks Investment Management now owns 7,266 shares of the conglomerate’s stock worth $679,000 after purchasing an additional 3,007 shares during the period. iSAM Funds UK Ltd bought a new position in shares of Federal Signal during the 3rd quarter worth approximately $608,000. Wolverine Trading LLC acquired a new stake in shares of Federal Signal during the 3rd quarter worth approximately $214,000. Weiss Asset Management LP bought a new stake in shares of Federal Signal in the 3rd quarter valued at $1,028,000. Finally, State Street Corp increased its stake in shares of Federal Signal by 1.1% in the 3rd quarter. State Street Corp now owns 2,293,775 shares of the conglomerate’s stock valued at $214,376,000 after acquiring an additional 25,080 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on FSS. Raymond James reissued an “outperform” rating and set a $110.00 target price on shares of Federal Signal in a research note on Tuesday. DA Davidson cut their price objective on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, StockNews.com lowered Federal Signal from a “buy” rating to a “hold” rating in a research report on Friday, December 20th.

Federal Signal Stock Performance

Shares of FSS stock opened at $94.01 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 firm has a fifty day simple moving average of $91.95 and a two-hundred day simple moving average of $90.91. Federal Signal Co. has a 12 month low of $71.29 and a 12 month high of $102.18. The firm has a market capitalization of $5.74 billion, a PE ratio of 27.25 and a beta of 0.99.

Federal Signal (NYSE:FSS) last posted its earnings results 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 company had revenue of $474.20 million during the quarter, compared to the consensus estimate of $481.71 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts forecast that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, November 15th. 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.