Integrated Quantitative Investments LLC bought a new position in shares of Federal Signal Co. (NYSE:FSS - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,800 shares of the conglomerate's stock, valued at approximately $1,275,000.
Several other large investors have also recently bought and sold shares of FSS. Quarry LP boosted its holdings in shares of Federal Signal by 73.5% in the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate's stock valued at $40,000 after buying an additional 183 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Federal Signal during the third quarter worth about $46,000. Signaturefd LLC lifted its holdings in shares of Federal Signal by 37.4% in the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after purchasing an additional 165 shares during the last quarter. Millburn Ridgefield Corp acquired a new stake in shares of Federal Signal in the 3rd quarter valued at about $70,000. Finally, Mather Group LLC. grew its stake in Federal Signal by 20.1% during the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after buying an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.
Insider Transactions at Federal Signal
In related news, CEO Jennifer L. Sherman bought 1,250 shares of the stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the transaction, the chief executive officer now owns 559,183 shares of the company's stock, valued at $46,031,944.56. This represents a 0.22 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.30% of the company's stock.
Federal Signal Stock Performance
Federal Signal stock traded up $2.57 during trading hours on Wednesday, reaching $71.80. 228,348 shares of the stock were exchanged, compared to its average volume of 404,869. Federal Signal Co. has a 52-week low of $66.47 and a 52-week high of $102.18. The stock has a market cap of $4.39 billion, a P/E ratio of 20.83, a P/E/G ratio of 1.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The firm's 50 day moving average is $84.60 and its 200 day moving average is $90.04.
Federal Signal (NYSE:FSS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting analysts' consensus estimates of $0.87. The firm had revenue of $472.00 million during 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%. Analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.
Federal Signal Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were given a dividend of $0.14 per share. 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 0.78%. The ex-dividend date was Friday, March 14th. Federal Signal's payout ratio is presently 15.95%.
Analyst Ratings Changes
FSS has been the topic of a number of 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 reaffirmed an "outperform" rating and issued a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th.
Check Out Our Latest Stock Report on Federal Signal
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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