Quantbot Technologies LP reduced its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 37.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,566 shares of the conglomerate's stock after selling 5,054 shares during the quarter. Quantbot Technologies LP's holdings in Federal Signal were worth $791,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of FSS. Semanteon Capital Management LP increased its position in Federal Signal by 264.4% during the 4th quarter. Semanteon Capital Management LP now owns 11,623 shares of the conglomerate's stock worth $1,074,000 after buying an additional 8,433 shares during the period. Xponance Inc. increased its position in Federal Signal by 9.7% during the fourth quarter. Xponance Inc. now owns 4,314 shares of the conglomerate's stock worth $399,000 after acquiring an additional 381 shares during the period. Intech Investment Management LLC raised its stake in Federal Signal by 81.2% in the 4th quarter. Intech Investment Management LLC now owns 59,693 shares of the conglomerate's stock worth $5,515,000 after purchasing an additional 26,754 shares in the last quarter. Signaturefd LLC raised its stake in Federal Signal by 37.4% in the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after purchasing an additional 165 shares in the last quarter. Finally, Cibc World Markets Corp bought a new stake in Federal Signal in the 4th quarter valued at about $520,000. 92.73% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Federal Signal
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. Company insiders own 3.30% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on FSS. StockNews.com downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. 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.
Check Out Our Latest Research Report on FSS
Federal Signal Price Performance
Shares of NYSE:FSS traded down $3.61 during midday trading on Friday, hitting $75.27. The stock had a trading volume of 427,426 shares, compared to its average volume of 394,790. The company's 50-day moving average price is $88.81 and its 200-day moving average price is $90.98. Federal Signal Co. has a fifty-two week low of $74.23 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 company has a market capitalization of $4.60 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02.
Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data 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 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, equities research analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.
Federal Signal Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Federal Signal's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.74%. Federal Signal's dividend payout ratio (DPR) is 15.95%.
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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