Jane Street Group LLC Reduces Position in Federal Signal Co. (NYSE:FSS)

Jane Street Group LLC decreased its position in Federal Signal Co. (NYSE:FSS) by 41.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,559 shares of the conglomerate’s stock after selling 49,359 shares during the period. Jane Street Group LLC owned approximately 0.12% of Federal Signal worth $6,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in shares of Federal Signal in the third quarter worth about $29,000. Quarry LP raised its position in Federal Signal by 73.5% during the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after buying an additional 183 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in Federal Signal during the 2nd quarter valued at approximately $62,000. Millburn Ridgefield Corp purchased a new stake in shares of Federal Signal in the 3rd quarter valued at $70,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Federal Signal in the second quarter worth $84,000. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Ratings Changes

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

Federal Signal Stock Down 0.9 %

Shares of FSS stock opened at $96.47 on Friday. Federal Signal Co. has a twelve month low of $71.29 and a twelve month high of $102.18. The stock has a market cap of $5.89 billion, a P/E ratio of 27.96 and a beta of 0.99. The stock has a 50 day moving average of $91.75 and a 200 day moving average of $90.56. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (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 period in the prior year, the firm posted $0.71 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts expect that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.50%. Federal Signal’s payout ratio is 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.