Cynosure Group LLC Reduces Holdings in Federal Signal Co. (NYSE:FSS)

Cynosure Group LLC reduced its stake in shares of Federal Signal Co. (NYSE:FSS) by 11.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,960 shares of the conglomerate’s stock after selling 512 shares during the quarter. Cynosure Group LLC’s holdings in Federal Signal were worth $370,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of Federal Signal in the third quarter worth $29,000. Point72 DIFC Ltd acquired a new position in Federal Signal in the 2nd quarter valued at about $62,000. Canada Pension Plan Investment Board purchased a new position in Federal Signal in the 2nd quarter valued at about $84,000. GAMMA Investing LLC boosted its stake in shares of Federal Signal by 60.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,062 shares of the conglomerate’s stock worth $89,000 after purchasing an additional 400 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Federal Signal by 30.1% during the 2nd quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate’s stock worth $94,000 after purchasing an additional 260 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Trading Up 0.2 %

Shares of Federal Signal stock opened at $97.88 on Friday. The firm has a market cap of $5.98 billion, a PE ratio of 28.37 and a beta of 0.95. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a fifty-two week low of $68.02 and a fifty-two week high of $102.18. The business’s fifty day moving average is $90.53 and its two-hundred day moving average is $89.68.

Federal Signal (NYSE:FSS) last issued 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 firm had revenue of $474.20 million for the quarter, compared to analyst estimates of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. Analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.49%. The ex-dividend date is Friday, November 15th. Federal Signal’s dividend payout ratio (DPR) is 13.91%.

Analysts Set New Price Targets

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

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.