Alta Capital Management LLC Makes New Investment in Federal Signal Co. (NYSE:FSS)

Alta Capital Management LLC acquired a new position in Federal Signal Co. (NYSE:FSS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 66,448 shares of the conglomerate's stock, valued at approximately $6,139,000. Alta Capital Management LLC owned 0.11% of Federal Signal at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quarry LP lifted its holdings in shares of Federal Signal by 73.5% in the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate's stock valued at $40,000 after buying an additional 183 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Federal Signal during the third quarter valued at approximately $46,000. Millburn Ridgefield Corp acquired a new position in Federal Signal in the third quarter valued at approximately $70,000. Mather Group LLC. boosted 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in Federal Signal by 15.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock worth $124,000 after purchasing an additional 181 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Federal Signal Price Performance

FSS traded up $0.95 during trading on Friday, hitting $80.58. The company's stock had a trading volume of 730,567 shares, compared to its average volume of 464,077. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 1.85 and a beta of 1.02. Federal Signal Co. has a twelve month low of $76.85 and a twelve month high of $102.18. The business's fifty day simple moving average is $93.91 and its 200 day simple moving average is $92.31. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19.

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Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.87. The firm 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%. On average, equities research analysts forecast that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Federal Signal's previous quarterly dividend of $0.12. Federal Signal's dividend payout ratio is 15.95%.

Analysts Set New Price Targets

Several research firms recently issued reports on FSS. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Raymond James reaffirmed an "outperform" rating and issued a $110.00 price objective on shares of Federal Signal in a report on Tuesday, December 24th.

Insider Buying and Selling

In other news, CEO Jennifer L. Sherman acquired 1,250 shares of the business's stock in a transaction 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 owns 559,183 shares in the company, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.10% of the company's stock.

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.