Federal Signal Co. (FSS) Shares Sold by ClariVest Asset Management LLC
ClariVest Asset Management LLC lowered its stake in shares of Federal Signal Co. (NYSE:FSS) by 2.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 94,192 shares of the conglomerate’s stock after selling 2,365 shares during the quarter. ClariVest Asset Management LLC’s holdings in Federal Signal were worth $2,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in FSS. BlackRock Inc. increased its position in shares of Federal Signal by 7.3% during the second quarter. BlackRock Inc. now owns 8,186,182 shares of the conglomerate’s stock valued at $190,654,000 after buying an additional 555,538 shares during the period. WINTON GROUP Ltd increased its position in shares of Federal Signal by 2,190.6% during the third quarter. WINTON GROUP Ltd now owns 443,307 shares of the conglomerate’s stock valued at $11,872,000 after buying an additional 423,954 shares during the period. Paradigm Capital Management Inc. NY purchased a new position in shares of Federal Signal during the second quarter valued at about $8,911,000. Intrinsic Edge Capital Management LLC purchased a new position in shares of Federal Signal during the second quarter valued at about $8,859,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Federal Signal during the third quarter valued at about $9,452,000. Institutional investors own 88.06% of the company’s stock.
Several brokerages recently issued reports on FSS. Zacks Investment Research upgraded shares of Federal Signal from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, November 8th. ValuEngine lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd.
NYSE:FSS opened at $24.38 on Monday. Federal Signal Co. has a one year low of $18.37 and a one year high of $28.32. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.04 and a current ratio of 2.03. The stock has a market cap of $1.47 billion, a P/E ratio of 19.05 and a beta of 1.45.
Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Tuesday, November 6th. The conglomerate reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. Federal Signal had a net margin of 8.69% and a return on equity of 16.15%. The business had revenue of $269.40 million for the quarter, compared to analyst estimates of $267.15 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Federal Signal’s quarterly revenue was up 8.3% on a year-over-year basis. Research analysts anticipate that Federal Signal Co. will post 1.36 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Investors of record on Tuesday, November 13th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Friday, November 9th. Federal Signal’s payout ratio is currently 37.65%.
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Federal Signal Company Profile
Federal Signal Corporation, together with its subsidiaries, designs, manufactures, and supplies a suite of products and integrated solutions for municipal, governmental, industrial, and commercial customers in the United States, Canada, Europe, and internationally. It operates through two segments, Environmental Solutions Group and Safety and Security Systems Group.
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