Tidal Investments LLC Grows Position in Federal Signal Co. (NYSE:FSS)

Tidal Investments LLC lifted its holdings in Federal Signal Co. (NYSE:FSS) by 19.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,174 shares of the conglomerate’s stock after purchasing an additional 510 shares during the period. Tidal Investments LLC’s holdings in Federal Signal were worth $297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FSS. Wilmington Savings Fund Society FSB purchased a new position in Federal Signal in the 3rd quarter worth approximately $46,000. Geode Capital Management LLC lifted its position in Federal Signal by 17.6% during the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after buying an additional 239,789 shares in the last quarter. Barclays PLC boosted its stake in Federal Signal by 338.7% during the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock worth $13,569,000 after buying an additional 112,092 shares during the last quarter. Zacks Investment Management grew its holdings in Federal Signal by 70.6% in the 3rd quarter. Zacks Investment Management now owns 7,266 shares of the conglomerate’s stock valued at $679,000 after buying an additional 3,007 shares in the last quarter. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Federal Signal in the 3rd quarter worth $608,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Stock Up 3.2 %

Shares of FSS opened at $93.59 on Wednesday. The company’s 50-day moving average price is $91.94 and its 200 day moving average price is $90.83. Federal Signal Co. has a 12-month low of $71.29 and a 12-month high of $102.18. 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 market cap of $5.72 billion, a P/E ratio of 27.13 and a beta of 0.99.

Federal Signal (NYSE:FSS) last issued 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 firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. During the same period in the prior year, the business posted $0.71 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, sell-side analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a $0.12 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.51%. Federal Signal’s dividend payout ratio is presently 13.91%.

Analyst Upgrades and Downgrades

FSS has been the topic of several recent research reports. DA Davidson lowered their price target 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. StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Finally, Raymond James reaffirmed an “outperform” rating and set a $110.00 price target on shares of Federal Signal in a research report on Tuesday.

Federal Signal Company 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.