Federal Signal Co. (NYSE:FSS) Shares Sold by Cynosure Group LLC

Cynosure Group LLC cut its stake in shares of Federal Signal Co. (NYSE:FSS) by 11.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,960 shares of the conglomerate’s stock after selling 512 shares during the quarter. Cynosure Group LLC’s holdings in Federal Signal were worth $370,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FSS. Janus Henderson Group PLC lifted its stake in shares of Federal Signal by 197.5% in the 1st quarter. Janus Henderson Group PLC now owns 84,875 shares of the conglomerate’s stock worth $7,202,000 after acquiring an additional 56,347 shares during the period. Jane Street Group LLC lifted its position in Federal Signal by 6.7% in the first quarter. Jane Street Group LLC now owns 47,030 shares of the conglomerate’s stock valued at $3,991,000 after purchasing an additional 2,947 shares during the period. GAMMA Investing LLC lifted its position in Federal Signal by 60.4% in the second quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate’s stock valued at $89,000 after purchasing an additional 400 shares during the period. SG Americas Securities LLC boosted its holdings in Federal Signal by 615.7% in the 2nd quarter. SG Americas Securities LLC now owns 40,292 shares of the conglomerate’s stock valued at $3,371,000 after purchasing an additional 34,662 shares in the last quarter. Finally, Diversified Trust Co increased its position in Federal Signal by 11.0% during the 2nd quarter. Diversified Trust Co now owns 4,941 shares of the conglomerate’s stock worth $413,000 after purchasing an additional 490 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reduced their price target on 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 Price Performance

Shares of NYSE FSS opened at $97.88 on Friday. The company’s fifty day moving average is $90.53 and its two-hundred day moving average is $89.68. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The firm has a market capitalization of $5.98 billion, a P/E ratio of 28.37 and a beta of 0.95. Federal Signal Co. has a one year low of $68.02 and a one year high of $102.18.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $481.71 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The firm’s revenue 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, November 15th. This represents a $0.48 annualized dividend and a yield of 0.49%. Federal Signal’s dividend payout ratio is presently 13.91%.

About Federal Signal

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.