Public Sector Pension Investment Board Has $12.13 Million Holdings in Federal Signal Co. (NYSE:FSS)

Public Sector Pension Investment Board lessened its position in shares of Federal Signal Co. (NYSE:FSS) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,731 shares of the conglomerate’s stock after selling 4,700 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.21% of Federal Signal worth $12,125,000 as of its most recent filing with the Securities and Exchange Commission.

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

Federal Signal Price Performance

Federal Signal stock opened at $97.88 on Friday. The business has a 50 day simple moving average of $90.53 and a 200 day simple moving average of $89.68. 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 one year low of $68.02 and a one year high of $102.18. The company has a market capitalization of $5.98 billion, a PE ratio of 28.37 and a beta of 0.95.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm had revenue of $474.20 million during the quarter, compared to the consensus estimate of $481.71 million. During the same quarter in the previous year, the company posted $0.71 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, sell-side analysts forecast that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Announces Dividend

The firm also recently disclosed 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 0.49%. Federal Signal’s payout ratio is 13.91%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson cut their target price on 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.