Waratah Capital Advisors Ltd. Acquires New Shares in Federal Signal Co. (NYSE:FSS)

Waratah Capital Advisors Ltd. acquired a new position in Federal Signal Co. (NYSE:FSS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 153,540 shares of the conglomerate’s stock, valued at approximately $5,027,000. Waratah Capital Advisors Ltd. owned approximately 0.25% of Federal Signal as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Oregon Public Employees Retirement Fund raised its stake in Federal Signal by 1.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 23,730 shares of the conglomerate’s stock valued at $635,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System increased its position in shares of Federal Signal by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 93,520 shares of the conglomerate’s stock valued at $2,502,000 after purchasing an additional 732 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Federal Signal by 50.6% in the 2nd quarter. First Trust Advisors LP now owns 269,223 shares of the conglomerate’s stock worth $7,202,000 after purchasing an additional 90,418 shares during the period. Alpha Windward LLC bought a new position in shares of Federal Signal in the 2nd quarter worth approximately $524,000. Finally, KBC Group NV purchased a new position in shares of Federal Signal in the second quarter worth approximately $319,000. 90.22% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on FSS shares. ValuEngine cut shares of Federal Signal from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Federal Signal from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Tuesday, November 5th.

In other news, CFO Ian A. Hudson sold 45,087 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $32.04, for a total value of $1,444,587.48. Following the completion of the transaction, the chief financial officer now owns 48,974 shares of the company’s stock, valued at $1,569,126.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Dennis J. Martin sold 40,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $33.58, for a total value of $1,343,200.00. Following the completion of the transaction, the director now directly owns 166,518 shares of the company’s stock, valued at approximately $5,591,674.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 95,905 shares of company stock valued at $3,137,209. Company insiders own 4.00% of the company’s stock.

NYSE:FSS traded down $0.29 during mid-day trading on Tuesday, hitting $32.07. 1,932 shares of the company traded hands, compared to its average volume of 336,428. The company has a quick ratio of 1.17, a current ratio of 2.32 and a debt-to-equity ratio of 0.45. The stock’s fifty day moving average price is $32.99 and its 200-day moving average price is $29.60. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 22.40 and a beta of 1.57. Federal Signal Co. has a one year low of $18.59 and a one year high of $35.75.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.05. The firm had revenue of $308.80 million for the quarter, compared to analysts’ expectations of $309.06 million. Federal Signal had a return on equity of 18.45% and a net margin of 9.37%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. Equities analysts predict that Federal Signal Co. will post 1.74 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Wednesday, November 13th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.00%. Federal Signal’s payout ratio is currently 22.38%.

About Federal Signal

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

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