Fox Run Management L.L.C. reduced its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 55.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,552 shares of the conglomerate's stock after selling 5,589 shares during the period. Fox Run Management L.L.C.'s holdings in Federal Signal were worth $421,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in FSS. Mather Group LLC. raised its position in Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after acquiring an additional 149 shares during the period. Arizona State Retirement System raised its position in shares of Federal Signal by 0.9% during the 4th quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate's stock worth $1,640,000 after purchasing an additional 152 shares during the last quarter. Albion Financial Group UT raised its position in shares of Federal Signal by 1.3% during the 4th quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate's stock worth $1,120,000 after purchasing an additional 153 shares during the last quarter. Signaturefd LLC lifted its stake in Federal Signal by 37.4% in the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after buying an additional 165 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Federal Signal by 15.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock worth $124,000 after buying an additional 181 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Raymond James reiterated an "outperform" rating and set a $110.00 price target on shares of Federal Signal in a research report on Tuesday, December 24th. StockNews.com downgraded Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.
View Our Latest Research Report on Federal Signal
Federal Signal Stock Performance
FSS traded down $3.61 on Friday, reaching $75.27. The company had a trading volume of 427,426 shares, compared to its average volume of 394,790. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 1 year low of $74.23 and a 1 year high of $102.18. The stock has a market capitalization of $4.60 billion, a PE ratio of 21.82, a P/E/G ratio of 1.85 and a beta of 1.02. The stock has a 50-day moving average price of $88.81 and a 200-day moving average price of $90.93.
Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, meeting the consensus estimate of $0.87. The business had revenue of $472.00 million during the quarter, compared to the consensus estimate of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. As a group, research analysts forecast that Federal Signal Co. will post 3.34 EPS for the current fiscal year.
Federal Signal Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, March 14th. This is a positive change from Federal Signal's previous quarterly dividend of $0.12. Federal Signal's payout ratio is currently 15.95%.
Insider Buying and Selling
In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the firm's stock in a transaction on Friday, February 28th. The shares were 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 represents a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.30% of the company's stock.
Federal Signal Profile
(
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.
Further Reading
Before you consider Federal Signal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Federal Signal wasn't on the list.
While Federal Signal currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
