Illumine Investment Management LLC Buys New Holdings in Federal Signal Co. (NYSE:FSS)

Illumine Investment Management LLC purchased a new position in Federal Signal Co. (NYSE:FSS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,809 shares of the conglomerate's stock, valued at approximately $537,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. raised its stake in shares of 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 purchasing an additional 149 shares in the last quarter. Albion Financial Group UT raised its stake in shares of Federal Signal by 1.3% in the 4th quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate's stock valued at $1,120,000 after buying an additional 153 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Federal Signal by 4.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate's stock worth $399,000 after acquiring an additional 169 shares during the period. Quarry LP boosted its position in shares of Federal Signal by 73.5% during the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate's stock valued at $40,000 after acquiring an additional 183 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake in Federal Signal by 7.7% in the third quarter. Raymond James Trust N.A. now owns 3,038 shares of the conglomerate's stock valued at $284,000 after acquiring an additional 216 shares during the period. Institutional investors own 92.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of research 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. DA Davidson decreased their price target on Federal Signal from $94.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. Finally, Raymond James reiterated an "outperform" rating and set a $110.00 price objective on shares of Federal Signal in a research note on Tuesday, December 24th.

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Insider Activity

In other Federal Signal news, CEO Jennifer L. Sherman acquired 1,250 shares of the business's stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the acquisition, the chief executive officer now directly owns 559,183 shares of the company's stock, valued at approximately $46,031,944.56. This trade represents a 0.22 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is owned by company insiders.

Federal Signal Trading Up 0.1 %

Shares of FSS stock traded up $0.12 on Tuesday, reaching $80.23. 753,623 shares of the stock were exchanged, compared to its average volume of 451,327. The stock has a 50 day moving average price of $94.72 and a 200 day moving average price of $92.59. The stock has a market cap of $4.90 billion, a PE ratio of 23.25, a P/E/G ratio of 1.85 and a beta of 1.01. Federal Signal Co. has a one year low of $76.85 and a one year high of $102.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

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. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $472.00 million during the quarter, compared to analyst estimates of $481.90 million. Equities research analysts forecast 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 will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%. This is a boost from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date is Friday, March 14th. 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.