Bellecapital International Ltd. reduced its position in Federal Signal Co. (NYSE:FSS - Free Report) by 33.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,461 shares of the conglomerate's stock after selling 3,691 shares during the period. Bellecapital International Ltd.'s holdings in Federal Signal were worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently modified their holdings of the business. Pembroke Management LTD increased its stake in shares of Federal Signal by 5.4% in the 3rd quarter. Pembroke Management LTD now owns 221,260 shares of the conglomerate's stock worth $20,679,000 after acquiring an additional 11,411 shares during the last quarter. Van ECK Associates Corp increased its stake in Federal Signal by 40.0% during the third quarter. Van ECK Associates Corp now owns 37,263 shares of the conglomerate's stock worth $3,483,000 after purchasing an additional 10,647 shares during the period. Summit Global Investments purchased a new position in Federal Signal in the 3rd quarter valued at approximately $748,000. Crossmark Global Holdings Inc. increased its holdings in Federal Signal by 4.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate's stock worth $399,000 after purchasing an additional 169 shares during the period. Finally, Aigen Investment Management LP acquired a new stake in Federal Signal in the third quarter valued at approximately $466,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on FSS. Raymond James restated an "outperform" rating and issued a $110.00 price target on shares of Federal Signal in a research note on Tuesday, December 24th. StockNews.com lowered Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st.
Check Out Our Latest Stock Analysis on Federal Signal
Insiders Place Their Bets
In other Federal Signal news, CEO Jennifer L. Sherman acquired 1,250 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of $82.32 per share, with a total value of $102,900.00. Following the acquisition, the chief executive officer now directly owns 559,183 shares of the company's stock, valued at $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 is accessible through this hyperlink. 3.10% of the stock is owned by company insiders.
Federal Signal Price Performance
Federal Signal stock traded down $1.28 during mid-day trading on Thursday, hitting $79.61. 556,978 shares of the company were exchanged, compared to its average volume of 457,602. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The company has a market capitalization of $4.86 billion, a P/E ratio of 23.07, a PEG ratio of 1.85 and a beta of 1.01. Federal Signal Co. has a 12-month low of $76.85 and a 12-month high of $102.18. The business's 50 day simple moving average is $94.20 and its two-hundred day simple moving average is $92.40.
Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data 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 net margin of 11.57% and a return on equity of 18.46%. The company had revenue of $472.00 million during the quarter, compared to analysts' expectations of $481.90 million. Analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.
Federal Signal Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be paid a dividend of $0.14 per share. This is an increase from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.56 annualized dividend and a yield of 0.70%. Federal Signal's payout ratio is 15.95%.
Federal Signal Company Profile
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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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