DF Dent & Co. Inc. bought a new stake in Federal Signal Co. (NYSE:FSS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 63,329 shares of the conglomerate's stock, valued at approximately $5,851,000. DF Dent & Co. Inc. owned about 0.10% of Federal Signal as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of FSS. Mather Group LLC. raised its position in Federal Signal by 20.1% in the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after purchasing an additional 149 shares during the period. Arizona State Retirement System lifted its stake in shares of Federal Signal by 0.9% in the 4th quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate's stock valued at $1,640,000 after acquiring an additional 152 shares during the last quarter. Albion Financial Group UT boosted its holdings in Federal Signal by 1.3% during the 4th quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate's stock valued at $1,120,000 after acquiring an additional 153 shares during the period. Signaturefd LLC lifted its position in Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after purchasing an additional 165 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Federal Signal by 15.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock valued at $124,000 after purchasing an additional 181 shares during the period. Institutional investors own 92.73% of the company's stock.
Insiders Place Their Bets
In other Federal Signal news, CEO Jennifer L. Sherman acquired 1,250 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $82.32 per share, with a total value of $102,900.00. Following the completion of the acquisition, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. This represents a 0.22 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.30% of the company's stock.
Federal Signal Stock Up 0.1 %
FSS traded up $0.05 during trading on Tuesday, hitting $70.71. 294,958 shares of the company's stock traded hands, compared to its average volume of 402,774. Federal Signal Co. has a 12-month low of $66.47 and a 12-month high of $102.18. The company's 50 day simple moving average is $85.76 and its two-hundred day simple moving average is $90.35. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 1.85 and a beta of 1.11.
Federal Signal (NYSE:FSS - Get Free Report) last posted its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. The business had revenue of $472.00 million for the quarter, compared to analysts' expectations of $481.90 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. Analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.
Federal Signal Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were issued a $0.14 dividend. This is an increase from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a yield of 0.79%. Federal Signal's dividend payout ratio is currently 15.95%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on FSS shares. Raymond James reaffirmed an "outperform" rating and set a $110.00 price objective on shares of Federal Signal in a research note on Tuesday, December 24th. StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.
Read Our Latest Stock Report on Federal Signal
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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