First Hawaiian Bank Raises Position in Federal Signal Co. (NYSE:FSS)

First Hawaiian Bank lifted its stake in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 520.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,751 shares of the conglomerate's stock after buying an additional 14,891 shares during the quarter. First Hawaiian Bank's holdings in Federal Signal were worth $1,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of FSS. Diversified Trust Co boosted its stake in Federal Signal by 10.0% during the fourth quarter. Diversified Trust Co now owns 8,836 shares of the conglomerate's stock worth $816,000 after acquiring an additional 804 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Federal Signal by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 169,352 shares of the conglomerate's stock worth $15,828,000 after buying an additional 2,348 shares during the last quarter. Franklin Resources Inc. increased its position in Federal Signal by 26.7% during the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate's stock valued at $59,523,000 after buying an additional 134,457 shares in the last quarter. Tidal Investments LLC raised its stake in Federal Signal by 19.1% during the third quarter. Tidal Investments LLC now owns 3,174 shares of the conglomerate's stock valued at $297,000 after buying an additional 510 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Federal Signal in the third quarter worth $46,000. 92.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FSS. StockNews.com upgraded Federal Signal from a "hold" rating to a "buy" rating in a report on Saturday, December 28th. Raymond James restated an "outperform" rating and set a $110.00 price objective on shares of Federal Signal in a research note on Tuesday, December 24th. Finally, DA Davidson dropped their target price on shares of Federal Signal from $94.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th.

Federal Signal Stock Performance

Shares of NYSE:FSS traded up $0.15 during midday trading on Friday, reaching $93.00. 367,105 shares of the company's stock traded hands, compared to its average volume of 358,667. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. Federal Signal Co. has a one year low of $72.40 and a one year high of $102.18. The company has a market cap of $5.68 billion, a price-to-earnings ratio of 26.96 and a beta of 1.01. The stock has a 50 day moving average of $93.46 and a 200 day moving average of $91.48.

Federal Signal (NYSE:FSS - Get Free Report) last posted its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $474.20 million for the quarter, compared to analysts' expectations of $481.71 million. During the same quarter in the prior year, the business earned $0.71 EPS. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. Federal Signal's payout ratio is 13.91%.

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.