Lindenwold Advisors INC Makes New $221,000 Investment in Federal Signal Co. (NYSE:FSS)

Lindenwold Advisors INC acquired a new stake in shares of Federal Signal Co. (NYSE:FSS) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 2,360 shares of the conglomerate’s stock, valued at approximately $221,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FSS. Federated Hermes Inc. increased its stake in shares of Federal Signal by 0.6% in the second quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate’s stock worth $1,699,000 after acquiring an additional 121 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in shares of Federal Signal by 4.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,996 shares of the conglomerate’s stock valued at $251,000 after buying an additional 130 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Federal Signal by 4.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock valued at $399,000 after buying an additional 169 shares during the period. Xponance Inc. boosted its stake in shares of Federal Signal by 4.9% in the second quarter. Xponance Inc. now owns 3,812 shares of the conglomerate’s stock worth $319,000 after buying an additional 178 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Federal Signal by 2.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 6,339 shares of the conglomerate’s stock worth $530,000 after acquiring an additional 180 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Stock Performance

Shares of NYSE FSS opened at $90.53 on Tuesday. Federal Signal Co. has a 1 year low of $68.02 and a 1 year high of $102.18. 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 company’s fifty day moving average price is $89.04 and its 200 day moving average price is $89.10. The company has a market capitalization of $5.53 billion, a PE ratio of 26.24 and a beta of 0.95.

Federal Signal (NYSE:FSS) last posted its earnings results on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. The firm had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $0.71 EPS. On average, research analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal’s payout ratio is 13.91%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson decreased 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.

Insider Activity

In related news, Director Brenda Reichelderfer sold 25,685 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $92.99, for a total value of $2,388,448.15. Following the transaction, the director now directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.

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.