Brown Advisory Inc. Has $26.65 Million Stake in Federal Signal Corporation (FSS)

Brown Advisory Inc. lifted its holdings in shares of Federal Signal Corporation (NYSE:FSS) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,252,470 shares of the conglomerate’s stock after buying an additional 74,006 shares during the quarter. Brown Advisory Inc. owned about 2.09% of Federal Signal worth $26,653,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Schwab Charles Investment Management Inc. grew its position in shares of Federal Signal by 8.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 421,390 shares of the conglomerate’s stock worth $8,968,000 after buying an additional 33,371 shares during the period. Campbell & CO Investment Adviser LLC grew its position in shares of Federal Signal by 84.6% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 21,825 shares of the conglomerate’s stock worth $464,000 after buying an additional 10,000 shares during the period. JPMorgan Chase & Co. grew its position in shares of Federal Signal by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 267,119 shares of the conglomerate’s stock worth $5,645,000 after buying an additional 9,467 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of Federal Signal during the 3rd quarter worth approximately $6,833,000. Finally, Nordea Investment Management AB acquired a new stake in shares of Federal Signal during the 3rd quarter worth approximately $419,000. Institutional investors own 84.16% of the company’s stock.

Shares of Federal Signal Corporation (NYSE FSS) traded down $0.50 during midday trading on Friday, reaching $21.00. 287,421 shares of the company were exchanged, compared to its average volume of 277,532. The firm has a market capitalization of $1,259.66, a PE ratio of 27.27 and a beta of 1.31. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.23 and a current ratio of 2.37. Federal Signal Corporation has a 52-week low of $13.07 and a 52-week high of $23.64.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Thursday, November 2nd. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.03. The firm had revenue of $249.00 million during the quarter, compared to analysts’ expectations of $240.30 million. Federal Signal had a net margin of 5.30% and a return on equity of 11.39%. The business’s revenue for the quarter was up 33.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.17 earnings per share. analysts forecast that Federal Signal Corporation will post 0.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Tuesday, November 14th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Monday, November 13th. Federal Signal’s dividend payout ratio is currently 38.36%.

In related news, Director James E. Goodwin sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $20.67, for a total transaction of $206,700.00. Following the completion of the transaction, the director now owns 122,929 shares in the company, valued at $2,540,942.43. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brenda Reichelderfer sold 45,721 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $20.76, for a total transaction of $949,167.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 110,172 shares of company stock valued at $2,338,207. Corporate insiders own 4.20% of the company’s stock.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Federal Signal from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Monday, November 6th. ValuEngine cut shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Friday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Federal Signal has an average rating of “Buy” and a consensus price target of $22.50.

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Federal Signal Profile

Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.

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Institutional Ownership by Quarter for Federal Signal (NYSE:FSS)

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