Edgestream Partners L.P. increased its stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 481.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 94,077 shares of the conglomerate's stock after purchasing an additional 77,888 shares during the quarter. Federal Signal accounts for 0.4% of Edgestream Partners L.P.'s holdings, making the stock its 25th biggest holding. Edgestream Partners L.P. owned approximately 0.15% of Federal Signal worth $8,692,000 as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp grew its stake in shares of Federal Signal by 40.0% during the third quarter. Van ECK Associates Corp now owns 37,263 shares of the conglomerate's stock valued at $3,483,000 after buying an additional 10,647 shares during the last quarter. Summit Global Investments bought a new position in Federal Signal in the 3rd quarter valued at $748,000. Crossmark Global Holdings Inc. increased its stake in Federal Signal by 4.1% in the third 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. Aigen Investment Management LP bought a new stake in shares of Federal Signal during the third quarter worth $466,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Federal Signal by 299.5% during the third quarter. Victory Capital Management Inc. now owns 119,012 shares of the conglomerate's stock valued at $11,123,000 after purchasing an additional 89,225 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.
Federal Signal Stock Up 1.2 %
Shares of Federal Signal stock traded up $0.99 during trading on Monday, hitting $81.58. 118,663 shares of the stock traded hands, compared to its average volume of 455,978. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The firm has a market cap of $4.98 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02. The stock's fifty day simple moving average is $93.67 and its 200 day simple moving average is $92.21. Federal Signal Co. has a 52-week low of $76.85 and a 52-week high of $102.18.
Federal Signal (NYSE:FSS - Get Free Report) last announced its earnings results 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 return on equity of 18.46% and a net margin of 11.57%. The business had revenue of $472.00 million for the quarter, compared to analysts' expectations of $481.90 million. On average, equities analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.
Federal Signal Increases Dividend
The firm also recently announced 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 represents a $0.56 annualized dividend and a yield of 0.69%. This is an increase from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date is Friday, March 14th. Federal Signal's payout ratio is 15.95%.
Insider Buying and Selling at Federal Signal
In other news, CEO Jennifer L. Sherman bought 1,250 shares of Federal Signal stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the purchase, the chief executive officer now directly owns 559,183 shares of the company's stock, valued at approximately $46,031,944.56. The trade was a 0.22 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.10% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Several research analysts recently commented on FSS shares. StockNews.com downgraded 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 set a $110.00 price target on shares of Federal Signal in a research note on Tuesday, December 24th.
Check Out Our Latest Stock Report on FSS
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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