ExodusPoint Capital Management LP Sells 21,755 Shares of Federal Signal Co. (NYSE:FSS)

ExodusPoint Capital Management LP lowered its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 77.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,194 shares of the conglomerate's stock after selling 21,755 shares during the quarter. ExodusPoint Capital Management LP's holdings in Federal Signal were worth $572,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. California Public Employees Retirement System raised its stake in shares of Federal Signal by 0.6% in the 4th quarter. California Public Employees Retirement System now owns 89,654 shares of the conglomerate's stock valued at $8,283,000 after purchasing an additional 514 shares during the period. Barclays PLC lifted its stake in Federal Signal by 338.7% in the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock valued at $13,569,000 after acquiring an additional 112,092 shares in the last quarter. First Hawaiian Bank grew its stake in shares of Federal Signal by 520.7% during the 4th quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate's stock worth $1,640,000 after acquiring an additional 14,891 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Federal Signal by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate's stock valued at $72,112,000 after purchasing an additional 11,466 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Federal Signal by 84.1% in the fourth quarter. Victory Capital Management Inc. now owns 219,147 shares of the conglomerate's stock worth $20,247,000 after purchasing an additional 100,135 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

FSS has been the topic of several recent research reports. Raymond James lowered their price target on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a research note on Monday. StockNews.com lowered Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st.

Federal Signal Stock Performance

Shares of Federal Signal stock traded down $0.66 during trading on Tuesday, hitting $75.50. 273,717 shares of the stock were exchanged, compared to its average volume of 410,968. 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 company has a fifty day moving average price of $82.42 and a 200-day moving average price of $89.45. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. Federal Signal Co. has a 1-year low of $66.47 and a 1-year high of $102.18.

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 (EPS) for the quarter, meeting the consensus estimate of $0.87. The firm had revenue of $472.00 million for the quarter, compared to analyst estimates of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. As a group, equities analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Federal Signal's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.74%. Federal Signal's dividend payout ratio is presently 15.95%.

Insider Transactions at Federal Signal

In related news, CEO Jennifer L. Sherman acquired 1,250 shares of the business's stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 3.30% of the stock is currently owned by corporate insiders.

Federal Signal Profile

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.