Lindenwold Advisors INC Makes New $221,000 Investment in Federal Signal Co. (NYSE:FSS)

Lindenwold Advisors INC bought a new stake in shares of Federal Signal Co. (NYSE:FSS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,360 shares of the conglomerate’s stock, valued at approximately $221,000.

Other large investors have also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Federal Signal by 150.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 30,000 shares of the conglomerate’s stock valued at $2,546,000 after buying an additional 18,000 shares in the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of Federal Signal in the first quarter valued at approximately $919,000. State Board of Administration of Florida Retirement System grew its stake in Federal Signal by 22.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 59,731 shares of the conglomerate’s stock worth $5,069,000 after purchasing an additional 11,013 shares in the last quarter. SG Americas Securities LLC grew its stake in Federal Signal by 615.7% in the second quarter. SG Americas Securities LLC now owns 40,292 shares of the conglomerate’s stock worth $3,371,000 after purchasing an additional 34,662 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Federal Signal by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 6,786,204 shares of the conglomerate’s stock worth $575,945,000 after purchasing an additional 106,899 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Federal Signal Price Performance

NYSE FSS opened at $90.53 on Tuesday. The company has a market cap of $5.53 billion, a PE ratio of 26.24 and a beta of 0.95. The firm’s 50 day moving average price is $89.04 and its 200-day moving average price is $89.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. Federal Signal Co. has a 52-week low of $68.02 and a 52-week high of $102.18.

Federal Signal (NYSE:FSS) last announced its earnings results 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. The business had revenue of $474.20 million for the quarter, compared to analysts’ expectations of $481.71 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. Sell-side analysts forecast that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders 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 dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, November 15th. Federal Signal’s payout ratio is 13.91%.

Insider Activity

In related news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $92.99, for a total transaction 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. This represents a 30.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 3.10% of the company’s stock.

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.