Lisanti Capital Growth LLC Has $3.56 Million Stake in Federal Signal Co. (NYSE:FSS)

Lisanti Capital Growth LLC cut its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 38.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,575 shares of the conglomerate's stock after selling 24,175 shares during the period. Lisanti Capital Growth LLC owned 0.06% of Federal Signal worth $3,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of FSS. Quarry LP grew its holdings in Federal Signal by 73.5% in the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate's stock worth $40,000 after buying an additional 183 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Federal Signal during the third quarter valued at $46,000. Millburn Ridgefield Corp acquired a new position in shares of Federal Signal during the third quarter valued at $70,000. Mather Group LLC. raised its stake in shares of Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock valued at $82,000 after purchasing an additional 149 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Federal Signal by 15.6% in 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 during the period. Institutional investors and hedge funds own 92.73% of the company's stock.

Insider Buying and Selling

In other Federal Signal news, CEO Jennifer L. Sherman bought 1,250 shares of the company's stock in a transaction dated Friday, February 28th. The shares were bought at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the acquisition, the chief executive officer now directly owns 559,183 shares of the company's stock, valued at approximately $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is currently owned by company insiders.

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Federal Signal Price Performance

Federal Signal stock traded down $0.04 during midday trading on Tuesday, hitting $80.45. The company's stock had a trading volume of 594,288 shares, compared to its average volume of 352,678. Federal Signal Co. has a 12 month low of $76.85 and a 12 month 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's 50-day moving average price is $93.44 and its 200-day moving average price is $92.12. The company has a market capitalization of $4.92 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02.

Federal Signal (NYSE:FSS - Get Free Report) last released its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. The business had revenue of $472.00 million during the quarter, compared to analyst estimates of $481.90 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. Analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be given 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 dividend on an annualized basis and a dividend yield of 0.70%. Federal Signal's dividend payout ratio (DPR) is 15.95%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FSS shares. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Raymond James restated an "outperform" rating and issued a $110.00 target price on shares of Federal Signal in a research report on Tuesday, December 24th.

Federal Signal Company 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.