Mutual of America Capital Management LLC Sells 25,752 Shares of Federal Signal Co. (NYSE:FSS)

Mutual of America Capital Management LLC decreased its position in Federal Signal Co. (NYSE:FSS) by 20.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,573 shares of the conglomerate’s stock after selling 25,752 shares during the quarter. Mutual of America Capital Management LLC owned 0.16% of Federal Signal worth $9,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. raised its stake in Federal Signal by 113.4% during the third quarter. Assenagon Asset Management S.A. now owns 398,031 shares of the conglomerate’s stock valued at $37,200,000 after purchasing an additional 211,555 shares in the last quarter. Millennium Management LLC raised its position in shares of Federal Signal by 77.8% during the 2nd quarter. Millennium Management LLC now owns 445,776 shares of the conglomerate’s stock valued at $37,298,000 after buying an additional 195,017 shares in the last quarter. Driehaus Capital Management LLC lifted its holdings in shares of Federal Signal by 20.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 912,392 shares of the conglomerate’s stock valued at $76,340,000 after acquiring an additional 153,765 shares during the last quarter. PineStone Asset Management Inc. purchased a new position in Federal Signal in the second quarter worth about $11,982,000. Finally, F M Investments LLC bought a new stake in Federal Signal during the second quarter worth approximately $11,058,000. 92.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Brenda Reichelderfer sold 25,685 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $92.99, for a total value of $2,388,448.15. Following the transaction, the director now owns 57,417 shares of the company’s stock, valued at $5,339,206.83. This represents a 30.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.10% of the company’s stock.

Federal Signal Trading Down 1.6 %

Shares of FSS opened at $89.31 on Monday. The company’s fifty day simple moving average is $89.04 and its 200-day simple moving average is $89.04. The company has a market cap of $5.46 billion, a P/E ratio of 25.89 and a beta of 0.95. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a twelve month low of $68.02 and a twelve month high of $102.18.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.04. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $474.20 million during the quarter, compared to the consensus estimate of $481.71 million. During the same quarter last year, the firm earned $0.71 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, analysts expect that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.54%. Federal Signal’s dividend payout ratio (DPR) is 13.91%.

Analyst Upgrades and Downgrades

Separately, DA Davidson lowered their price objective on Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th.

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.