Archer Investment Corp Has $148,000 Holdings in Federal Signal Co. (NYSE:FSS)

Archer Investment Corp increased its position in shares of Federal Signal Co. (NYSE:FSS) by 33.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,580 shares of the conglomerate’s stock after purchasing an additional 400 shares during the quarter. Archer Investment Corp’s holdings in Federal Signal were worth $148,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FSS. Vanguard Group Inc. boosted its position in shares of Federal Signal by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 6,786,204 shares of the conglomerate’s stock worth $575,945,000 after acquiring an additional 106,899 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in Federal Signal by 2.6% during the third quarter. Conestoga Capital Advisors LLC now owns 1,389,045 shares of the conglomerate’s stock worth $129,820,000 after purchasing an additional 35,167 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of Federal Signal by 20.3% in the 2nd 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 in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Federal Signal by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 524,869 shares of the conglomerate’s stock valued at $43,916,000 after purchasing an additional 11,685 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in shares of 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 buying an additional 195,017 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In other news, Director Brenda Reichelderfer sold 25,685 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the completion of the transaction, the director now owns 57,417 shares of the company’s stock, valued at approximately $5,339,206.83. This trade represents a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

Federal Signal Trading Down 1.4 %

Shares of Federal Signal stock opened at $89.29 on Friday. The firm has a market capitalization of $5.46 billion, a PE ratio of 25.88 and a beta of 0.95. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $88.92 and its 200 day moving average is $88.96. Federal Signal Co. has a 1 year low of $68.02 and a 1 year high of $102.18.

Federal Signal (NYSE:FSS) last posted its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share 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 analysts’ expectations of $481.71 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The company’s revenue was up 6.2% on a year-over-year basis. Equities research analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 annualized dividend and a yield of 0.54%. Federal Signal’s dividend payout ratio is presently 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.