Raymond James Financial Inc. acquired a new stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 396,533 shares of the conglomerate's stock, valued at approximately $36,636,000. Raymond James Financial Inc. owned approximately 0.65% of Federal Signal at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. ArrowMark Colorado Holdings LLC purchased a new stake in Federal Signal during the 3rd quarter valued at about $28,863,000. Geode Capital Management LLC boosted its stake in shares of Federal Signal by 17.6% during the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate's stock valued at $149,727,000 after purchasing an additional 239,789 shares during the period. Franklin Resources Inc. grew its holdings in shares of Federal Signal by 26.7% in the third quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate's stock worth $59,523,000 after purchasing an additional 134,457 shares during the last quarter. Barclays PLC grew its holdings in shares of Federal Signal by 338.7% in the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock worth $13,569,000 after purchasing an additional 112,092 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Federal Signal by 84.1% in the fourth quarter. Victory Capital Management Inc. now owns 219,147 shares of the conglomerate's stock worth $20,247,000 after buying an additional 100,135 shares during the period. Institutional investors own 92.73% of the company's stock.
Insider Transactions at Federal Signal
In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the purchase, the chief executive officer now directly owns 559,183 shares in the company, valued at $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.10% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on FSS shares. StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Raymond James reissued an "outperform" rating and issued a $110.00 target price on shares of Federal Signal in a research note on Tuesday, December 24th.
Read Our Latest Analysis on Federal Signal
Federal Signal Trading Up 1.7 %
NYSE:FSS traded up $1.32 during trading hours on Monday, hitting $78.50. The company had a trading volume of 471,834 shares, compared to its average volume of 354,024. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The stock has a 50-day moving average price of $92.22 and a 200 day moving average price of $91.70. The company has a market capitalization of $4.80 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02. Federal Signal Co. has a 52 week low of $75.20 and a 52 week high of $102.18.
Federal Signal (NYSE:FSS - Get Free Report) last announced its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, meeting analysts' consensus estimates of $0.87. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $472.00 million for the quarter, compared to analyst estimates of $481.90 million. On average, equities research analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.
Federal Signal Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.14 per share. This is an increase from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. Federal Signal's dividend payout ratio is 15.95%.
Federal Signal Profile
(
Free Report)
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.
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