Archer Investment Corp Has $148,000 Stake in Federal Signal Co. (NYSE:FSS)

Archer Investment Corp lifted its stake in shares of Federal Signal Co. (NYSE:FSS) by 33.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,580 shares of the conglomerate’s stock after acquiring an additional 400 shares during the period. Archer Investment Corp’s holdings in Federal Signal were worth $148,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Federated Hermes Inc. increased its holdings in Federal Signal by 0.6% during the second quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate’s stock worth $1,699,000 after buying an additional 121 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased 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 worth $251,000 after purchasing an additional 130 shares during the last quarter. Crossmark Global Holdings Inc. raised 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 purchasing an additional 169 shares during the period. Xponance Inc. lifted its stake in Federal Signal by 4.9% in the 2nd quarter. Xponance Inc. now owns 3,812 shares of the conglomerate’s stock valued at $319,000 after purchasing 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 purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Trading Down 1.4 %

FSS stock opened at $89.29 on Friday. The company has a fifty day moving average price of $88.92 and a two-hundred day moving average price of $88.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 25.88 and a beta of 0.95. Federal Signal Co. has a one year low of $68.02 and a one year high of $102.18.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $481.71 million. During the same period in the prior year, the firm earned $0.71 EPS. The business’s revenue was up 6.2% on a year-over-year basis. Equities analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal’s dividend payout ratio is 13.91%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the business’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 completion of the sale, the director now owns 57,417 shares of the company’s stock, valued at $5,339,206.83. The trade was a 30.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company 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.