Federal Signal Co. (NYSE:FSS) Stake Boosted by Geode Capital Management LLC

Geode Capital Management LLC raised its position in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,630,971 shares of the conglomerate's stock after purchasing an additional 29,197 shares during the period. Geode Capital Management LLC owned 2.67% of Federal Signal worth $150,715,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Federal Signal in the 4th quarter valued at approximately $78,192,000. Raymond James Financial Inc. bought a new position in shares of Federal Signal in the fourth quarter worth $36,636,000. JPMorgan Chase & Co. increased its holdings in shares of Federal Signal by 79.9% during the fourth quarter. JPMorgan Chase & Co. now owns 304,711 shares of the conglomerate's stock valued at $28,152,000 after purchasing an additional 135,359 shares during the period. Franklin Resources Inc. raised its stake in shares of Federal Signal by 26.7% during the third quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate's stock valued at $59,523,000 after purchasing an additional 134,457 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Federal Signal by 338.7% in the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock worth $13,569,000 after purchasing an additional 112,092 shares during the period. Institutional investors and hedge funds own 92.73% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st. Raymond James reissued an "outperform" rating and set a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th.

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Insider Buying and Selling

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of Federal Signal stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price 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 $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.30% of the company's stock.

Federal Signal Price Performance

NYSE:FSS traded up $1.99 during mid-day trading on Friday, reaching $76.19. 580,823 shares of the stock were exchanged, compared to its average volume of 410,335. Federal Signal Co. has a 1-year low of $66.47 and a 1-year 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 capitalization of $4.65 billion, a PE ratio of 22.08, a PEG ratio of 1.85 and a beta of 1.11. The business has a fifty day moving average price of $82.85 and a 200 day moving average price of $89.59.

Federal Signal (NYSE:FSS - Get Free Report) last released its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, hitting analysts' consensus estimates of $0.87. The business had revenue of $472.00 million for 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%. Research analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid a dividend of $0.14 per share. 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 dividend yield of 0.74%. Federal Signal's dividend payout ratio (DPR) is currently 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.