LPL Financial LLC Increases Position in Federal Signal Co. (NYSE:FSS)

LPL Financial LLC raised its position in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 57.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,098 shares of the conglomerate's stock after purchasing an additional 7,696 shares during the quarter. LPL Financial LLC's holdings in Federal Signal were worth $1,949,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in FSS. Raymond James Financial Inc. bought a new position in shares of Federal Signal in the fourth quarter worth about $36,636,000. Geode Capital Management LLC increased its holdings in Federal Signal by 17.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate's stock worth $149,727,000 after acquiring an additional 239,789 shares in the last quarter. Franklin Resources Inc. raised its stake in Federal Signal by 26.7% during the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate's stock worth $59,523,000 after acquiring an additional 134,457 shares during the period. Barclays PLC lifted its holdings in Federal Signal by 338.7% during the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock valued at $13,569,000 after purchasing an additional 112,092 shares in the last quarter. Finally, Victory Capital Management Inc. boosted 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 during the period. Hedge funds and other institutional investors own 92.73% of the company's stock.

Federal Signal Price Performance

FSS stock 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 416,431. The company has a 50-day moving average price of $80.60 and a 200 day moving average price of $89.01. Federal Signal Co. has a 12-month low of $66.47 and a 12-month high of $102.18. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 1.85 and a beta of 1.11. 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 (NYSE:FSS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, hitting 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, research analysts anticipate 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. Stockholders of record on Friday, March 14th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.75%. This is an increase from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, March 14th. Federal Signal's dividend payout ratio is presently 15.95%.

Insider Buying and Selling at Federal Signal

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 price of $82.32 per share, with a total value of $102,900.00. Following the transaction, the chief executive officer now owns 559,183 shares of the company's stock, valued at $46,031,944.56. This represents a 0.22 % increase in their ownership of the stock. The transaction 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 corporate insiders.

Wall Street Analysts Forecast Growth

FSS has been the topic of several recent analyst reports. StockNews.com downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Raymond James lowered their price objective on Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th.

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.