Vanguard Group Inc. grew its position in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,247,803 shares of the conglomerate's stock after buying an additional 93,597 shares during the period. Vanguard Group Inc. owned approximately 11.86% of Federal Signal worth $669,625,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of FSS. LPL Financial LLC increased its position in Federal Signal by 57.4% during the fourth quarter. LPL Financial LLC now owns 21,098 shares of the conglomerate's stock worth $1,949,000 after acquiring an additional 7,696 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Federal Signal during the fourth quarter worth approximately $1,155,000. Semanteon Capital Management LP raised its position in shares of Federal Signal by 264.4% in the fourth quarter. Semanteon Capital Management LP now owns 11,623 shares of the conglomerate's stock valued at $1,074,000 after buying an additional 8,433 shares in the last quarter. Xponance Inc. boosted its stake in shares of Federal Signal by 9.7% in the fourth quarter. Xponance Inc. now owns 4,314 shares of the conglomerate's stock valued at $399,000 after buying an additional 381 shares during the period. Finally, Intech Investment Management LLC grew its position in Federal Signal by 81.2% during the fourth quarter. Intech Investment Management LLC now owns 59,693 shares of the conglomerate's stock worth $5,515,000 after buying an additional 26,754 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.
Federal Signal Price Performance
Shares of NYSE FSS traded down $1.70 during trading hours on Friday, hitting $71.24. 880,873 shares of the stock were exchanged, compared to its average volume of 399,869. Federal Signal Co. has a 1-year low of $67.80 and a 1-year high of $102.18. The company has a market cap of $4.35 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02. 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 company's fifty day simple moving average is $86.30 and its two-hundred day simple moving average is $90.48.
Federal Signal (NYSE:FSS - Get Free Report) last issued its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, meeting analysts' consensus estimates 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. On average, sell-side analysts predict that Federal Signal Co. will post 3.34 EPS for the current year.
Federal Signal Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.79%. This is a boost from Federal Signal's previous quarterly dividend of $0.12. Federal Signal's dividend payout ratio is 15.95%.
Insider Activity
In related news, CEO Jennifer L. Sherman bought 1,250 shares of the business's stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $82.32 per share, for a total transaction 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 acquisition was disclosed in a document filed with the SEC, which is available through this link. 3.30% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on FSS shares. Raymond James reaffirmed an "outperform" rating and issued a $110.00 price objective on shares of Federal Signal in a report on Tuesday, December 24th. StockNews.com downgraded Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.
Read Our Latest Analysis on FSS
Federal Signal Company Profile
(
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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