American Century Companies Inc. Sells 23,419 Shares of Federal Signal Co. (NYSE:FSS)

American Century Companies Inc. trimmed its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 44.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,367 shares of the conglomerate's stock after selling 23,419 shares during the period. American Century Companies Inc.'s holdings in Federal Signal were worth $2,713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FSS. State Street Corp boosted its holdings in Federal Signal by 1.1% in the 3rd quarter. State Street Corp now owns 2,293,775 shares of the conglomerate's stock valued at $214,376,000 after purchasing an additional 25,080 shares during the period. Geode Capital Management LLC grew its holdings in Federal Signal by 17.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate's stock worth $149,727,000 after acquiring an additional 239,789 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Federal Signal by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate's stock valued at $72,112,000 after purchasing an additional 11,466 shares in the last quarter. Franklin Resources Inc. lifted its position in Federal Signal by 26.7% during the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate's stock valued at $59,523,000 after purchasing an additional 134,457 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Federal Signal by 7.9% in the fourth quarter. Bank of New York Mellon Corp now owns 502,173 shares of the conglomerate's stock valued at $46,396,000 after acquiring an additional 36,616 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

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Federal Signal Trading Up 2.7 %

FSS traded up $1.99 during trading on Friday, hitting $76.19. The company's stock had a trading volume of 580,823 shares, compared to its average volume of 410,335. Federal Signal Co. has a twelve month low of $66.47 and a twelve month high of $102.18. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4.65 billion, a P/E ratio of 22.08, a PEG ratio of 1.85 and a beta of 1.11. The stock's fifty day moving average price is $82.85 and its 200-day moving average price is $89.59.

Federal Signal (NYSE:FSS - Get Free Report) last announced its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. The company had revenue of $472.00 million during the quarter, compared to the consensus estimate of $481.90 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. Analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.74%. 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. Federal Signal's dividend payout ratio is presently 15.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Raymond James reiterated an "outperform" rating and issued a $110.00 target price on shares of Federal Signal in a research note on Tuesday, December 24th.

Insider Transactions at Federal Signal

In other news, CEO Jennifer L. Sherman acquired 1,250 shares of Federal Signal stock in a transaction dated Friday, February 28th. The shares were purchased at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the transaction, the chief executive officer now owns 559,183 shares of the company's stock, valued at $46,031,944.56. This trade 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 the SEC website. Insiders own 3.30% of the company's stock.

About Federal Signal

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.