AlphaQuest LLC cut its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 42.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,637 shares of the conglomerate's stock after selling 7,971 shares during the period. AlphaQuest LLC's holdings in Federal Signal were worth $983,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of FSS. Amundi increased its position in Federal Signal by 190.3% during the fourth quarter. Amundi now owns 31,248 shares of the conglomerate's stock worth $2,901,000 after acquiring an additional 20,483 shares during the period. Edgestream Partners L.P. lifted its stake in shares of Federal Signal by 481.1% in the fourth quarter. Edgestream Partners L.P. now owns 94,077 shares of the conglomerate's stock valued at $8,692,000 after buying an additional 77,888 shares during the period. Inceptionr LLC bought a new position in Federal Signal during the fourth quarter valued at about $535,000. Raymond James Financial Inc. bought a new stake in shares of Federal Signal in the 4th quarter worth approximately $36,636,000. Finally, Arizona State Retirement System grew its holdings in shares of Federal Signal by 0.9% during the 4th quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate's stock worth $1,640,000 after purchasing an additional 152 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.
Federal Signal Price Performance
Shares of NYSE:FSS traded up $1.73 during trading on Friday, reaching $77.18. The stock had a trading volume of 658,480 shares, compared to its average volume of 356,784. The business's 50-day moving average price is $92.60 and its 200 day moving average price is $91.82. Federal Signal Co. has a 52 week low of $75.20 and a 52 week high of $102.18. The stock has a market capitalization of $4.72 billion, a PE ratio of 22.37, a P/E/G ratio of 1.85 and a beta of 1.03. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.
Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly 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. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business had revenue of $472.00 million for the quarter, compared to analysts' expectations of $481.90 million. As a group, equities analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current year.
Federal Signal Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date is Friday, March 14th. Federal Signal's dividend payout ratio (DPR) is currently 15.95%.
Insider Activity
In other news, CEO Jennifer L. Sherman purchased 1,250 shares of Federal Signal stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $82.32 per share, with a total value of $102,900.00. Following the transaction, 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 position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 3.10% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of 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 report on Tuesday, December 24th. StockNews.com downgraded Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st.
Read Our Latest Stock Analysis on FSS
About Federal Signal
(
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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