Edgestream Partners L.P. Purchases 37,264 Shares of Federal Signal Co. (NYSE:FSS)

Edgestream Partners L.P. increased its position in Federal Signal Co. (NYSE:FSS) by 85.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,824 shares of the conglomerate’s stock after buying an additional 37,264 shares during the period. Edgestream Partners L.P.’s holdings in Federal Signal were worth $6,763,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Federal Signal during the 4th quarter worth approximately $239,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Federal Signal during the fourth quarter valued at $279,000. Norges Bank bought a new position in Federal Signal during the fourth quarter valued at $52,130,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Federal Signal in the 4th quarter worth $810,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Federal Signal by 3.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,853 shares of the conglomerate’s stock worth $526,000 after buying an additional 244 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Federal Signal news, Director Brenda Reichelderfer sold 25,685 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $92.99, for a total transaction of $2,388,448.15. Following the completion of the transaction, the director now owns 57,417 shares in the company, valued at $5,339,206.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, William Blair began coverage on shares of Federal Signal in a report on Friday, May 31st. They issued an “outperform” rating for the company.

Federal Signal Price Performance

Shares of Federal Signal stock opened at $86.60 on Tuesday. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 29.26 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.35 and a current ratio of 2.89. The stock has a 50 day moving average price of $92.17 and a 200-day moving average price of $86.83. Federal Signal Co. has a one year low of $57.05 and a one year high of $102.18.

Federal Signal (NYSE:FSS) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $0.95 EPS for the quarter, topping the consensus estimate of $0.84 by $0.11. Federal Signal had a net margin of 11.16% and a return on equity of 18.31%. The company had revenue of $490.40 million during the quarter, compared to analyst estimates of $487.74 million. During the same period in the previous year, the firm earned $0.67 earnings per share. Federal Signal’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities analysts expect that Federal Signal Co. will post 3.24 EPS for the current year.

Federal Signal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Friday, August 16th. Federal Signal’s dividend payout ratio (DPR) is currently 16.22%.

Federal Signal 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.