Amundi boosted its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 190.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,248 shares of the conglomerate's stock after purchasing an additional 20,483 shares during the quarter. Amundi owned approximately 0.05% of Federal Signal worth $2,901,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in FSS. Edgestream Partners L.P. increased its holdings in Federal Signal by 481.1% in the 4th quarter. Edgestream Partners L.P. now owns 94,077 shares of the conglomerate's stock valued at $8,692,000 after acquiring an additional 77,888 shares during the last quarter. Inceptionr LLC purchased a new position in shares of 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 fourth quarter worth about $36,636,000. Arizona State Retirement System increased its stake in Federal Signal by 0.9% in the 4th quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate's stock worth $1,640,000 after acquiring an additional 152 shares during the last quarter. Finally, Atria Investments Inc grew its holdings in shares of Federal Signal by 5.0% in the fourth quarter. Atria Investments Inc now owns 9,259 shares of the conglomerate's stock valued at $855,000 after purchasing an additional 439 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts recently commented on FSS shares. Raymond James reaffirmed an "outperform" rating and issued a $110.00 price target on shares of Federal Signal in a report on Tuesday, December 24th. StockNews.com cut Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st.
Read Our Latest Stock Report on Federal Signal
Federal Signal Trading Down 2.6 %
NYSE FSS traded down $2.02 during trading on Thursday, hitting $75.80. The stock had a trading volume of 602,395 shares, compared to its average volume of 355,233. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 21.97, a P/E/G ratio of 1.85 and a beta of 1.02. The stock has a 50 day simple moving average of $91.33 and a 200 day simple moving average of $91.37. Federal Signal Co. has a one year low of $75.20 and a one year high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.
Federal Signal (NYSE:FSS - Get Free Report) last released its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $481.90 million. Sell-side analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current year.
Federal Signal Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be issued a $0.14 dividend. The ex-dividend date is Friday, March 14th. This is an increase from Federal Signal's previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.74%. Federal Signal's dividend payout ratio (DPR) is currently 15.95%.
Insiders Place Their Bets
In other Federal Signal news, CEO Jennifer L. Sherman bought 1,250 shares of Federal Signal stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost 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 of the company's stock, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is currently owned by corporate insiders.
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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