Orion Portfolio Solutions LLC Sells 3,907 Shares of Federal Signal Co. (NYSE:FSS)

Orion Portfolio Solutions LLC cut its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 22.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,126 shares of the conglomerate's stock after selling 3,907 shares during the period. Orion Portfolio Solutions LLC's holdings in Federal Signal were worth $1,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pictet Asset Management Holding SA grew its stake in shares of Federal Signal by 11.5% in the fourth quarter. Pictet Asset Management Holding SA now owns 9,070 shares of the conglomerate's stock worth $838,000 after purchasing an additional 935 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Federal Signal in the 4th quarter valued at about $328,000. Norges Bank acquired a new position in shares of Federal Signal during the fourth quarter worth approximately $78,192,000. Blair William & Co. IL lifted its stake in shares of Federal Signal by 145.8% in the fourth quarter. Blair William & Co. IL now owns 37,664 shares of the conglomerate's stock valued at $3,480,000 after buying an additional 22,340 shares in the last quarter. Finally, NEOS Investment Management LLC lifted its position in Federal Signal by 22.9% in the 4th quarter. NEOS Investment Management LLC now owns 55,272 shares of the conglomerate's stock valued at $5,107,000 after acquiring an additional 10,293 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Trading Up 10.7 %

FSS stock traded up $7.43 during trading on Wednesday, hitting $76.66. 803,474 shares of the company traded hands, compared to its average volume of 407,400. 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 1 year low of $66.47 and a 1 year high of $102.18. The firm has a market capitalization of $4.68 billion, a PE ratio of 22.22, a P/E/G ratio of 1.85 and a beta of 1.11. The company has a 50-day moving average of $83.72 and a 200-day moving average of $89.84.

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Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $472.00 million during the quarter, compared to analyst estimates of $481.90 million. Analysts predict 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 was paid on Thursday, March 27th. Investors of record on Friday, March 14th were issued a $0.14 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.56 annualized dividend and a yield of 0.73%. This is an increase from Federal Signal's previous quarterly dividend of $0.12. Federal Signal's dividend payout ratio is currently 15.95%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Raymond James restated an "outperform" rating and set a $110.00 price target 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.

Insider Buying and Selling at Federal Signal

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of $82.32 per share, with a total value of $102,900.00. Following the completion of the purchase, the chief executive officer now owns 559,183 shares in the company, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.30% of the company's stock.

Federal Signal 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.