Federal Signal Co. (NYSE:FSS) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 780,513 shares of the conglomerate's stock after acquiring an additional 11,466 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.28% of Federal Signal worth $72,112,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mather Group LLC. boosted its position in shares of Federal Signal by 20.1% during the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after acquiring an additional 149 shares in the last quarter. Albion Financial Group UT lifted its position in Federal Signal by 1.3% in the fourth quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate's stock valued at $1,120,000 after acquiring an additional 153 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Federal Signal by 4.1% in the third quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate's stock valued at $399,000 after acquiring an additional 169 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its position in Federal Signal by 15.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock valued at $124,000 after acquiring an additional 181 shares during the last quarter. Finally, Quarry LP lifted its position in Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate's stock valued at $40,000 after acquiring an additional 183 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the company's stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the purchase, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.10% of the company's stock.

Federal Signal Price Performance

Shares of NYSE:FSS opened at $80.45 on Wednesday. The company has a 50-day simple moving average of $93.20 and a 200-day simple moving average of $92.03. Federal Signal Co. has a one year low of $76.85 and a one year high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 1.85 and a beta of 1.03.

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Federal Signal (NYSE:FSS - Get Free Report) last announced its 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 net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $472.00 million during the quarter, compared to analysts' expectations of $481.90 million. On average, analysts predict that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%. This is a boost from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date is Friday, March 14th. Federal Signal's dividend payout ratio is presently 15.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Raymond James reissued an "outperform" rating and issued a $110.00 price target on shares of Federal Signal in a research report on Tuesday, December 24th.

Federal Signal Company 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.

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