Intech Investment Management LLC lifted its position in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 81.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,693 shares of the conglomerate's stock after acquiring an additional 26,754 shares during the period. Intech Investment Management LLC owned approximately 0.10% of Federal Signal worth $5,515,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in FSS. Raymond James Financial Inc. bought a new stake in Federal Signal during the fourth quarter worth $36,636,000. ArrowMark Colorado Holdings LLC acquired a new position in shares of Federal Signal during the 3rd quarter worth $28,863,000. Geode Capital Management LLC lifted its position in shares of Federal Signal by 17.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate's stock worth $149,727,000 after buying an additional 239,789 shares during the last quarter. Franklin Resources Inc. boosted its stake in Federal Signal by 26.7% in the third 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. Finally, Barclays PLC grew its position in Federal Signal by 338.7% in the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock valued at $13,569,000 after acquiring an additional 112,092 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.
Federal Signal Trading Down 0.8 %
Shares of Federal Signal stock traded down $0.62 on Friday, hitting $75.26. The stock had a trading volume of 2,103,757 shares, compared to its average volume of 361,269. The stock has a 50 day moving average of $90.64 and a 200 day moving average of $91.15. 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 twelve month low of $74.23 and a twelve month high of $102.18. The firm has a market capitalization of $4.60 billion, a P/E ratio of 21.81, a PEG ratio of 1.85 and a beta of 1.02.
Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.87. The company 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%. Sell-side analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.
Federal Signal Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a $0.14 dividend. The ex-dividend date is Friday, March 14th. This is a boost from Federal Signal's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.74%. Federal Signal's payout ratio is 15.95%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Raymond James reiterated an "outperform" rating and set a $110.00 price target on shares of Federal Signal in a report on Tuesday, December 24th.
Get Our Latest Report on FSS
Insider Activity
In other Federal Signal news, CEO Jennifer L. Sherman acquired 1,250 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $82.32 per share, with a total value of $102,900.00. Following the completion of the transaction, the chief executive officer now directly owns 559,183 shares of the company's stock, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company's stock.
About Federal Signal
(
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.
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