Franklin Resources Inc. Sells 10,229 Shares of Federal Signal Co. (NYSE:FSS)

Franklin Resources Inc. decreased its position in Federal Signal Co. (NYSE:FSS - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 628,024 shares of the conglomerate's stock after selling 10,229 shares during the period. Franklin Resources Inc. owned approximately 1.03% of Federal Signal worth $58,023,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FSS. Quarry LP lifted its holdings in Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate's stock worth $40,000 after purchasing an additional 183 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Federal Signal in the 3rd quarter worth approximately $46,000. Signaturefd LLC boosted its holdings in shares of Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after acquiring an additional 165 shares in the last quarter. Millburn Ridgefield Corp bought a new position in shares of Federal Signal in the third quarter valued at approximately $70,000. Finally, Mather Group LLC. increased 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 acquiring an additional 149 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.

Analyst Ratings Changes

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

Remove Ads

Federal Signal Stock Up 2.3 %

Shares of NYSE FSS traded up $1.60 during trading hours on Tuesday, hitting $72.26. The stock had a trading volume of 212,410 shares, compared to its average volume of 539,538. The company has a market capitalization of $4.42 billion, a P/E ratio of 20.96, a P/E/G ratio of 1.85 and a beta of 1.11. The firm's 50-day moving average price is $85.76 and its two-hundred day moving average price is $90.35. 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 52 week low of $66.47 and a 52 week high of $102.18.

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

Federal Signal Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were issued a $0.14 dividend. This is a boost from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.56 annualized dividend and a yield of 0.77%. Federal Signal's dividend payout ratio is 15.95%.

Insider Buying and Selling at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman bought 1,250 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the transaction, the chief executive officer now owns 559,183 shares in the company, valued at approximately $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.30% of the company's stock.

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.