UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $14.25 Million Position in Federal Signal Co. (NYSE:FSS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Federal Signal Co. (NYSE:FSS) by 17.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 152,430 shares of the conglomerate’s stock after purchasing an additional 22,821 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.25% of Federal Signal worth $14,246,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FSS. V Square Quantitative Management LLC acquired a new stake in Federal Signal during the 3rd quarter valued at $29,000. Point72 DIFC Ltd acquired a new position in shares of Federal Signal in the second quarter worth $62,000. Canada Pension Plan Investment Board acquired a new position in shares of Federal Signal in the second quarter worth $84,000. Fifth Third Bancorp increased its stake in shares of Federal Signal by 30.1% in the second quarter. Fifth Third Bancorp now owns 1,124 shares of the conglomerate’s stock worth $94,000 after acquiring an additional 260 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Federal Signal by 23.1% in the third quarter. CWM LLC now owns 1,171 shares of the conglomerate’s stock worth $109,000 after acquiring an additional 220 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, DA Davidson dropped their price target 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 Up 0.2 %

NYSE FSS opened at $97.82 on Friday. Federal Signal Co. has a 1-year low of $69.36 and a 1-year high of $102.18. 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 company has a market capitalization of $5.98 billion, a PE ratio of 28.35 and a beta of 0.99. The firm’s fifty day simple moving average is $91.21 and its 200-day simple moving average is $90.15.

Federal Signal (NYSE:FSS) last posted its quarterly 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. The business had revenue of $474.20 million for the quarter, compared to the consensus estimate of $481.71 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. Federal Signal’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. As a group, sell-side analysts anticipate 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. Investors of record on Friday, November 15th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date was Friday, November 15th. 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.