Cerity Partners LLC boosted its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 212.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 139,828 shares of the conglomerate's stock after purchasing an additional 95,116 shares during the quarter. Cerity Partners LLC owned about 0.23% of Federal Signal worth $12,962,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of FSS. Verition Fund Management LLC purchased a new position in Federal Signal during the 3rd quarter worth $495,000. HighTower Advisors LLC boosted its stake in shares of Federal Signal by 5.8% in the 3rd quarter. HighTower Advisors LLC now owns 35,701 shares of the conglomerate's stock worth $3,327,000 after buying an additional 1,972 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Federal Signal by 18.7% in the third quarter. Janus Henderson Group PLC now owns 50,129 shares of the conglomerate's stock valued at $4,686,000 after acquiring an additional 7,891 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Federal Signal by 133.3% during the third quarter. Point72 Asset Management L.P. now owns 8,400 shares of the conglomerate's stock worth $785,000 after acquiring an additional 4,800 shares during the period. Finally, Quarry LP grew its stake in 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 purchasing an additional 183 shares during the period. Institutional investors own 92.73% of the company's stock.
Federal Signal Trading Down 0.3 %
FSS traded down $0.25 on Tuesday, hitting $75.92. 60,341 shares of the company were exchanged, compared to its average volume of 410,135. 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 Co. has a 12 month low of $66.47 and a 12 month high of $102.18. The firm has a fifty day simple moving average of $82.42 and a two-hundred day simple moving average of $89.45. The stock has a market capitalization of $4.64 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11.
Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting analysts' consensus estimates 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 analyst estimates of $481.90 million. Sell-side analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current year.
Federal Signal Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.74%. This is an increase from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date was Friday, March 14th. Federal Signal's dividend payout ratio is 15.95%.
Analysts Set New Price Targets
FSS has been the topic of a number of research reports. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Raymond James cut their target price on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday.
View Our Latest Stock Report on Federal Signal
Insider Buying and Selling at Federal Signal
In related news, CEO Jennifer L. Sherman purchased 1,250 shares of the company's stock in a transaction dated Friday, February 28th. The shares were purchased at an average price 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 in the company, valued at $46,031,944.56. The trade was a 0.22 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by company insiders.
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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