Geode Capital Management LLC Grows Stock Holdings in Federal Signal Co. (NYSE:FSS)

Geode Capital Management LLC grew its position in shares of Federal Signal Co. (NYSE:FSS) by 17.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,601,774 shares of the conglomerate’s stock after acquiring an additional 239,789 shares during the quarter. Geode Capital Management LLC’s holdings in Federal Signal were worth $149,727,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in Federal Signal in the third quarter worth approximately $29,000. Quarry LP boosted its stake in shares of Federal Signal by 73.5% in the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after purchasing an additional 183 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Federal Signal during the 2nd quarter valued at $62,000. Millburn Ridgefield Corp purchased a new position in Federal Signal in the 3rd quarter worth $70,000. Finally, Canada Pension Plan Investment Board bought a new stake in Federal Signal in the second quarter worth $84,000. 92.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, DA Davidson decreased their price objective on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th.

Federal Signal Stock Up 1.2 %

Shares of Federal Signal stock opened at $97.60 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. Federal Signal Co. has a 52-week low of $71.29 and a 52-week high of $102.18. The company’s 50 day moving average price is $91.75 and its 200-day moving average price is $90.59. The stock has a market capitalization of $5.96 billion, a price-to-earnings ratio of 28.29 and a beta of 0.99.

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. The business had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. Equities research analysts forecast 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. Shareholders of record on Friday, November 15th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Friday, November 15th. Federal Signal’s payout ratio is 13.91%.

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.