12,000 Shares in Federal Signal Corporation (FSS) Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new position in Federal Signal Corporation (NYSE:FSS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,000 shares of the conglomerate’s stock, valued at approximately $255,000.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Federal Signal by 5.2% during the first quarter. Vanguard Group Inc. now owns 3,093,986 shares of the conglomerate’s stock worth $42,728,000 after buying an additional 152,335 shares in the last quarter. Geode Capital Management LLC boosted its stake in Federal Signal by 1.0% during the first quarter. Geode Capital Management LLC now owns 449,106 shares of the conglomerate’s stock worth $6,201,000 after buying an additional 4,615 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Federal Signal by 71.2% during the first quarter. Renaissance Technologies LLC now owns 42,800 shares of the conglomerate’s stock worth $591,000 after buying an additional 17,800 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Federal Signal by 6.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 334,417 shares of the conglomerate’s stock worth $4,619,000 after buying an additional 21,470 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its stake in Federal Signal by 3.0% during the first quarter. Metropolitan Life Insurance Co. NY now owns 42,592 shares of the conglomerate’s stock worth $588,000 after buying an additional 1,236 shares in the last quarter. Institutional investors and hedge funds own 84.12% of the company’s stock.

A number of brokerages have issued reports on FSS. ValuEngine cut Federal Signal from a “buy” rating to a “hold” rating in a report on Friday. Zacks Investment Research raised Federal Signal from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Monday, November 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $22.50.

In related news, Director James E. Goodwin sold 10,000 shares of Federal Signal stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $20.67, for a total value of $206,700.00. Following the completion of the transaction, the director now directly owns 122,929 shares of the company’s stock, valued at $2,540,942.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Dennis J. Martin sold 45,172 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $21.90, for a total value of $989,266.80. The disclosure for this sale can be found here. Insiders sold 110,172 shares of company stock valued at $2,338,207 over the last ninety days. 4.20% of the stock is currently owned by company insiders.

Federal Signal Corporation (NYSE FSS) traded down $0.01 during trading on Tuesday, hitting $20.99. The company had a trading volume of 255,500 shares, compared to its average volume of 262,414. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.37 and a quick ratio of 1.23. Federal Signal Corporation has a fifty-two week low of $13.07 and a fifty-two week high of $23.64. The company has a market capitalization of $1,259.66, a PE ratio of 27.27 and a beta of 1.30.

Federal Signal (NYSE:FSS) last released its quarterly earnings results 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. Federal Signal had a return on equity of 11.39% and a net margin of 5.30%. The business had revenue of $249.00 million during the quarter, compared to analysts’ expectations of $240.30 million. During the same period in the previous year, the business posted $0.17 earnings per share. The firm’s revenue for the quarter was up 33.4% compared to the same quarter last year. equities analysts predict that Federal Signal Corporation will post 0.81 EPS for the current fiscal year.

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

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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.

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

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