Mitsubishi UFJ Asset Management UK Ltd. Grows Holdings in Federal Signal Co. (NYSE:FSS)

Mitsubishi UFJ Asset Management UK Ltd. grew its stake in shares of Federal Signal Co. (NYSE:FSS) by 33.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,000 shares of the conglomerate’s stock after purchasing an additional 2,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Federal Signal were worth $748,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Federal Signal by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 6,786,204 shares of the conglomerate’s stock valued at $575,945,000 after buying an additional 106,899 shares during the period. Driehaus Capital Management LLC boosted its holdings in shares of Federal Signal by 20.3% in 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 period. Global Alpha Capital Management Ltd. grew its stake in Federal Signal by 13.0% in the first quarter. Global Alpha Capital Management Ltd. now owns 616,913 shares of the conglomerate’s stock worth $52,357,000 after purchasing an additional 71,200 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Federal Signal by 2.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 524,869 shares of the conglomerate’s stock worth $43,916,000 after purchasing an additional 11,685 shares during the period. Finally, Millennium Management LLC increased its holdings in Federal Signal by 77.8% during the 2nd quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock worth $37,298,000 after purchasing an additional 195,017 shares during the period. 92.73% of the stock is currently owned by institutional investors.

Insider Activity at Federal Signal

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the company’s stock in a transaction 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 sale, the director now owns 57,417 shares in the company, valued at $5,339,206.83. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is currently owned by corporate insiders.

Federal Signal Stock Down 5.7 %

Shares of FSS stock traded down $5.38 during mid-day trading on Friday, hitting $88.77. The stock had a trading volume of 555,315 shares, compared to its average volume of 340,084. Federal Signal Co. has a 12-month low of $57.05 and a 12-month 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 firm’s 50-day moving average is $91.20 and its two-hundred day moving average is $88.58. The firm has a market capitalization of $5.43 billion, a P/E ratio of 26.98 and a beta of 0.93.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.11. The company had revenue of $490.40 million during the quarter, compared to analyst estimates of $487.74 million. Federal Signal had a net margin of 11.16% and a return on equity of 18.31%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share. On average, analysts predict that Federal Signal Co. will post 3.24 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, August 16th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.54%. Federal Signal’s dividend payout ratio is presently 14.59%.

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.