Inceptionr LLC purchased a new stake in Federal Signal Co. (NYSE:FSS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,787 shares of the conglomerate's stock, valued at approximately $535,000.
A number of other hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in Federal Signal by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 37,263 shares of the conglomerate's stock valued at $3,483,000 after purchasing an additional 10,647 shares during the period. Summit Global Investments acquired a new stake in shares of Federal Signal during the third quarter worth $748,000. Crossmark Global Holdings Inc. raised 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 buying an additional 169 shares during the last quarter. Aigen Investment Management LP bought a new position in Federal Signal during the third quarter worth $466,000. Finally, Victory Capital Management Inc. lifted its holdings in Federal Signal by 299.5% in the third quarter. Victory Capital Management Inc. now owns 119,012 shares of the conglomerate's stock valued at $11,123,000 after buying an additional 89,225 shares during the period. 92.73% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on FSS. StockNews.com lowered Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Raymond James reaffirmed an "outperform" rating and set a $110.00 target price on shares of Federal Signal in a research note on Tuesday, December 24th.
View Our Latest Analysis on Federal Signal
Insider Activity
In related news, CEO Jennifer L. Sherman acquired 1,250 shares of the stock in a transaction dated 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 completion of the purchase, the chief executive officer now directly owns 559,183 shares in the company, valued at $46,031,944.56. This trade represents a 0.22 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.10% of the company's stock.
Federal Signal Stock Down 1.8 %
FSS traded down $1.46 during midday trading on Wednesday, hitting $78.82. The company had a trading volume of 543,631 shares, compared to its average volume of 354,433. The stock's 50 day moving average price is $93.20 and its 200 day moving average price is $92.03. Federal Signal Co. has a 52 week low of $76.85 and a 52 week high of $102.18. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 1.85 and a beta of 1.03. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.
Federal Signal (NYSE:FSS - Get Free Report) last issued its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting analysts' consensus estimates of $0.87. The business had revenue of $472.00 million during 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 anticipate that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.
Federal Signal Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.14 per share. This is an increase from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.56 annualized dividend and a yield of 0.71%. Federal Signal's dividend payout ratio is presently 15.95%.
About Federal Signal
(
Free Report)
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.
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