Jump Financial LLC Grows Stock Position in Federal Signal Co. (NYSE:FSS)

Jump Financial LLC increased its position in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 61.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,659 shares of the conglomerate's stock after acquiring an additional 15,900 shares during the period. Jump Financial LLC owned approximately 0.07% of Federal Signal worth $3,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Federal Signal by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 7,247,803 shares of the conglomerate's stock valued at $669,625,000 after buying an additional 93,597 shares in the last quarter. Invesco Ltd. lifted its stake in Federal Signal by 12.4% in the fourth quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate's stock worth $203,184,000 after purchasing an additional 242,840 shares during the last quarter. Geode Capital Management LLC boosted its position in Federal Signal by 1.8% during the fourth 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. FMR LLC boosted its holdings in Federal Signal by 19.4% during the 4th quarter. FMR LLC now owns 1,469,614 shares of the conglomerate's stock valued at $135,778,000 after acquiring an additional 238,608 shares during the period. Finally, Norges Bank purchased a new position in Federal Signal in the 4th quarter worth approximately $78,192,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FSS shares. Raymond James decreased 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 note on Monday, April 14th. StockNews.com downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.

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 that occurred on Friday, February 28th. The shares were bought at an average price of $82.32 per share, with a total value 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. This trade represents a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.30% of the stock is owned by insiders.

Federal Signal Stock Performance

FSS stock traded up $0.97 on Tuesday, hitting $73.67. The company had a trading volume of 53,270 shares, compared to its average volume of 415,212. Federal Signal Co. has a 12-month low of $66.47 and a 12-month high of $102.18. The stock's 50-day simple moving average is $80.13 and its 200 day simple moving average is $88.85. 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 stock has a market cap of $4.50 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 1.85 and a beta of 1.11.

Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm had revenue of $472.00 million for the quarter, compared to the consensus estimate of $481.90 million. As a group, equities research analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.76%. The ex-dividend date was Friday, March 14th. This is an increase from Federal Signal's previous quarterly dividend of $0.12. Federal Signal's dividend payout ratio (DPR) is 15.95%.

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.