Conestoga Capital Advisors LLC Acquires 35,167 Shares of Federal Signal Co. (NYSE:FSS)

Conestoga Capital Advisors LLC lifted its stake in Federal Signal Co. (NYSE:FSS) by 2.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,389,045 shares of the conglomerate’s stock after buying an additional 35,167 shares during the quarter. Federal Signal makes up 1.8% of Conestoga Capital Advisors LLC’s holdings, making the stock its 24th largest holding. Conestoga Capital Advisors LLC’s holdings in Federal Signal were worth $129,820,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of FSS. PineStone Asset Management Inc. boosted its position in shares of Federal Signal by 7.6% during the third quarter. PineStone Asset Management Inc. now owns 154,084 shares of the conglomerate’s stock valued at $14,401,000 after buying an additional 10,884 shares during the last quarter. Semanteon Capital Management LP bought a new position in Federal Signal during the third quarter valued at approximately $298,000. Cavalier Investments LLC boosted its holdings in Federal Signal by 6.4% in the third quarter. Cavalier Investments LLC now owns 10,378 shares of the conglomerate’s stock worth $970,000 after purchasing an additional 621 shares during the last quarter. Legacy Wealth Asset Management LLC grew its position in Federal Signal by 1.7% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 13,984 shares of the conglomerate’s stock worth $1,307,000 after purchasing an additional 227 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in Federal Signal by 113.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate’s stock valued at $37,200,000 after buying an additional 211,555 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Brenda Reichelderfer sold 25,685 shares of Federal Signal 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 transaction, the director now directly owns 57,417 shares in the company, valued at approximately $5,339,206.83. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

Federal Signal Stock Performance

Federal Signal stock traded up $1.83 during mid-day trading on Friday, reaching $83.40. 110,893 shares of the stock traded hands, compared to its average volume of 341,156. The stock has a market capitalization of $5.10 billion, a PE ratio of 24.80 and a beta of 0.93. 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 business’s 50-day moving average is $89.60 and its 200-day moving average is $88.58. Federal Signal Co. has a 12-month low of $60.09 and a 12-month high of $102.18.

Federal Signal Dividend Announcement

The firm 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 $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal’s payout ratio is 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.