Global Alpha Capital Management Ltd. reduced its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 35.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 391,713 shares of the conglomerate's stock after selling 210,900 shares during the period. Federal Signal makes up about 2.6% of Global Alpha Capital Management Ltd.'s investment portfolio, making the stock its 15th biggest position. Global Alpha Capital Management Ltd. owned approximately 0.64% of Federal Signal worth $36,190,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of FSS. Quarry LP increased its stake in shares of Federal Signal by 73.5% in the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate's stock valued at $40,000 after acquiring an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Federal Signal in the third quarter valued at approximately $46,000. Millburn Ridgefield Corp acquired a new stake in Federal Signal in the third quarter worth $70,000. Mather Group LLC. raised its holdings in Federal Signal by 20.1% in the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after purchasing an additional 149 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Federal Signal by 15.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock worth $124,000 after purchasing an additional 181 shares in the last quarter. 92.73% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on FSS. Raymond James reaffirmed an "outperform" rating and set a $110.00 price target on shares of Federal Signal in a research report on Tuesday, December 24th. StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.
Check Out Our Latest Stock Analysis on FSS
Federal Signal Stock Down 1.8 %
Shares of NYSE FSS traded down $1.46 during mid-day trading on Wednesday, hitting $78.82. The company had a trading volume of 712,121 shares, compared to its average volume of 354,433. 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 firm has a 50-day simple moving average of $93.20 and a two-hundred day simple moving average of $92.03. The company has a market capitalization of $4.82 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 1.85 and a beta of 1.03. Federal Signal Co. has a one year low of $76.85 and a one year high of $102.18.
Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. The firm had revenue of $472.00 million for the quarter, compared to analyst estimates of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. On average, equities analysts expect that Federal Signal Co. will post 3.34 EPS for the current year.
Federal Signal Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be paid a $0.14 dividend. This is a positive change from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date is Friday, March 14th. This represents a $0.56 annualized dividend and a yield of 0.71%. Federal Signal's dividend payout ratio is currently 15.95%.
Insider Transactions at Federal Signal
In related news, CEO Jennifer L. Sherman acquired 1,250 shares of Federal Signal stock in a transaction on Friday, February 28th. The stock was purchased 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 in the company, valued at $46,031,944.56. This trade represents a 0.22 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.10% of the stock is currently owned by corporate insiders.
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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