Federal Signal Co. (NYSE:FSS) Shares Sold by Homestead Advisers Corp

Homestead Advisers Corp lessened its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 5.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,094 shares of the conglomerate's stock after selling 5,500 shares during the quarter. Homestead Advisers Corp owned about 0.15% of Federal Signal worth $8,509,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quarry LP boosted its position in 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 buying an additional 183 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Federal Signal in the third quarter valued at $46,000. Signaturefd LLC boosted its holdings in Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after purchasing an additional 165 shares during the period. Millburn Ridgefield Corp acquired a new position in Federal Signal during the 3rd quarter worth $70,000. Finally, Mather Group LLC. increased its holdings in Federal Signal by 20.1% during the 4th 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. Hedge funds and other institutional investors own 92.73% of the company's stock.

Federal Signal Stock Down 1.7 %

FSS traded down $1.31 on Monday, reaching $73.87. The company's stock had a trading volume of 116,698 shares, compared to its average volume of 393,719. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 1.85 and a beta of 1.02. Federal Signal Co. has a fifty-two week low of $73.21 and a fifty-two week high of $102.18. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average of $88.81 and a two-hundred day moving average of $90.98.

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Federal Signal (NYSE:FSS - Get Free Report) last posted its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting analysts' consensus estimates of $0.87. The firm had revenue of $472.00 million for the quarter, compared to the consensus estimate of $481.90 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. As a group, analysts forecast that Federal Signal Co. will post 3.34 EPS for the current fiscal 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 0.76%. This is a positive change from Federal Signal's previous quarterly dividend of $0.12. Federal Signal's payout ratio is presently 15.95%.

Insider Transactions at Federal Signal

In other news, CEO Jennifer L. Sherman acquired 1,250 shares of the company's stock in a transaction 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 purchase, the chief executive officer now owns 559,183 shares of the company's stock, valued at $46,031,944.56. This represents a 0.22 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.30% of the company's stock.

Analysts Set New Price Targets

FSS has been the subject of a number of recent research reports. StockNews.com downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Raymond James reaffirmed an "outperform" rating and set a $110.00 price objective on shares of Federal Signal in a research report on Tuesday, December 24th.

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.