Federal Signal Co. (NYSE:FSS) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lessened its stake in Federal Signal Co. (NYSE:FSS) by 7.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,143 shares of the conglomerate’s stock after selling 240 shares during the period. Coldstream Capital Management Inc.’s holdings in Federal Signal were worth $294,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FSS. Quest Partners LLC grew its stake in shares of Federal Signal by 4,025.9% in the third quarter. Quest Partners LLC now owns 18,608 shares of the conglomerate’s stock valued at $1,739,000 after buying an additional 18,157 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Federal Signal by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock valued at $71,875,000 after acquiring an additional 31,517 shares during the period. EULAV Asset Management grew its position in Federal Signal by 15.3% in the 3rd quarter. EULAV Asset Management now owns 240,803 shares of the conglomerate’s stock valued at $22,505,000 after acquiring an additional 32,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Federal Signal by 17.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate’s stock worth $14,246,000 after purchasing an additional 22,821 shares during the period. Finally, Citigroup Inc. lifted its position in shares of Federal Signal by 39.3% during the third quarter. Citigroup Inc. now owns 82,664 shares of the conglomerate’s stock worth $7,726,000 after purchasing an additional 23,310 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

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

Federal Signal Trading Down 0.9 %

FSS opened at $96.47 on Monday. The business has a fifty day moving average price of $91.75 and a 200 day moving average price of $90.56. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. Federal Signal Co. has a 12 month low of $71.29 and a 12 month high of $102.18. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 27.96 and a beta of 0.99.

Federal Signal (NYSE:FSS) last released 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 analyst estimates of $481.71 million. During the same period in the prior year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. Sell-side analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, November 15th. Federal Signal’s payout ratio is currently 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.