Envestnet Asset Management Inc. Buys 27,321 Shares of Federal Signal Co. (NYSE:FSS)

Envestnet Asset Management Inc. raised its position in Federal Signal Co. (NYSE:FSS - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 184,902 shares of the conglomerate's stock after buying an additional 27,321 shares during the period. Envestnet Asset Management Inc. owned 0.30% of Federal Signal worth $17,083,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Federal Signal by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 7,247,803 shares of the conglomerate's stock valued at $669,625,000 after purchasing an additional 93,597 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Federal Signal by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,630,971 shares of the conglomerate's stock valued at $150,715,000 after buying an additional 29,197 shares during the period. Norges Bank bought a new stake in shares of Federal Signal during the fourth quarter worth $78,192,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Federal Signal by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate's stock valued at $72,112,000 after acquiring an additional 11,466 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Federal Signal by 26.7% during the third quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate's stock valued at $59,523,000 after acquiring an additional 134,457 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.

Federal Signal Trading Up 0.2 %

NYSE:FSS traded up $0.15 during mid-day trading on Friday, hitting $75.14. The company had a trading volume of 972,242 shares, compared to its average volume of 416,032. 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 fifty-two week low of $66.47 and a fifty-two week high of $102.18. The firm has a market cap of $4.59 billion, a P/E ratio of 21.78, a P/E/G ratio of 1.85 and a beta of 1.11. The business's fifty day moving average is $81.08 and its two-hundred day moving average is $89.13.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data 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 net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $472.00 million for the quarter, compared to analyst estimates of $481.90 million. As a group, research analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were issued a $0.14 dividend. This is an increase from Federal Signal's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, March 14th. Federal Signal's dividend payout ratio is 15.95%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Raymond James cut their target price on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a research report on Monday. StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st.

Insider Transactions at Federal Signal

In related 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 purchased at an average cost of $82.32 per share, with a total value of $102,900.00. Following the purchase, the chief executive officer now owns 559,183 shares in the company, valued at approximately $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is currently owned by insiders.

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.