Bank of New York Mellon Corp Increases Holdings in Federal Signal Co. (NYSE:FSS)

Bank of New York Mellon Corp boosted its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 502,173 shares of the conglomerate's stock after acquiring an additional 36,616 shares during the period. Bank of New York Mellon Corp owned 0.82% of Federal Signal worth $46,396,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Mather Group LLC. lifted its holdings in Federal Signal by 20.1% in the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock valued at $82,000 after acquiring an additional 149 shares during the last quarter. Albion Financial Group UT lifted its stake in Federal Signal by 1.3% during the fourth quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate's stock worth $1,120,000 after purchasing an additional 153 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Federal Signal by 4.1% during the third quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate's stock worth $399,000 after purchasing an additional 169 shares in the last quarter. Quarry LP lifted its stake in Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate's stock worth $40,000 after purchasing an additional 183 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its stake in Federal Signal by 7.7% during the third quarter. Raymond James Trust N.A. now owns 3,038 shares of the conglomerate's stock worth $284,000 after purchasing an additional 216 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Federal Signal

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the stock in a transaction on Friday, February 28th. The stock was purchased 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 approximately $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 3.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FSS has been the topic of a number of recent research reports. StockNews.com lowered Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Raymond James reissued an "outperform" rating and issued a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th.

Federal Signal Stock Up 1.2 %

NYSE:FSS traded up $0.95 during trading hours on Friday, hitting $80.58. The company's stock had a trading volume of 730,567 shares, compared to its average volume of 464,077. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 52-week low of $76.85 and a 52-week high of $102.18. The stock has a market capitalization of $4.92 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02. The stock has a fifty day moving average of $93.67 and a 200-day moving average of $92.21.

Federal Signal (NYSE:FSS - Get Free Report) last announced its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share 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 the consensus estimate of $481.90 million. On average, equities analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%. This is an increase from Federal Signal's previous quarterly dividend of $0.12. Federal Signal's dividend payout ratio (DPR) is presently 15.95%.

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.