Russell Investments Group Ltd. Has $4.23 Million Stake in Federal Signal Co. (NYSE:FSS)

Russell Investments Group Ltd. reduced its position in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,828 shares of the conglomerate's stock after selling 4,195 shares during the period. Russell Investments Group Ltd. owned 0.07% of Federal Signal worth $4,234,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FSS. Envestnet Asset Management Inc. boosted its stake in Federal Signal by 17.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 184,902 shares of the conglomerate's stock valued at $17,083,000 after purchasing an additional 27,321 shares during the period. Wedbush Securities Inc. acquired a new stake in shares of Federal Signal during the 4th quarter worth about $286,000. Wells Fargo & Company MN increased its holdings in shares of Federal Signal by 30.3% during the fourth quarter. Wells Fargo & Company MN now owns 75,084 shares of the conglomerate's stock worth $6,937,000 after buying an additional 17,462 shares in the last quarter. Integrated Quantitative Investments LLC bought a new position in Federal Signal in the 4th quarter valued at $1,275,000. Finally, Landscape Capital Management L.L.C. bought a new position in shares of Federal Signal in the fourth quarter valued at about $385,000. 92.73% of the stock is currently owned by institutional investors.

Insider Activity at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman bought 1,250 shares of the stock in a transaction dated 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 completion of the acquisition, the chief executive officer now owns 559,183 shares of the company's stock, valued at $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 3.30% of the stock is owned by insiders.

Federal Signal Trading Up 0.2 %

Shares of NYSE:FSS traded up $0.15 during mid-day trading on Friday, reaching $75.14. The stock had a trading volume of 972,242 shares, compared to its average volume of 416,431. Federal Signal Co. has a twelve month low of $66.47 and a twelve month high of $102.18. 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 market cap of $4.59 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. The firm has a 50 day simple moving average of $81.08 and a two-hundred day simple moving average of $89.13.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, hitting analysts' consensus estimates of $0.87. The company 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, research analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were paid a $0.14 dividend. This is a boost from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date was Friday, March 14th. This represents a $0.56 annualized dividend and a yield of 0.75%. Federal Signal's payout ratio is presently 15.95%.

Analyst Ratings Changes

FSS has been the subject of several recent research reports. Raymond James dropped their price objective on Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a report on Monday. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.

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.