Invesco Ltd. lifted its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 12.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,199,200 shares of the conglomerate's stock after buying an additional 242,840 shares during the period. Invesco Ltd. owned about 3.60% of Federal Signal worth $203,184,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Federal Signal by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 7,247,803 shares of the conglomerate's stock worth $669,625,000 after buying an additional 93,597 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Federal Signal by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 1,630,971 shares of the conglomerate's stock valued at $150,715,000 after acquiring an additional 29,197 shares during the period. FMR LLC boosted its stake in shares of Federal Signal by 19.4% during the 4th quarter. FMR LLC now owns 1,469,614 shares of the conglomerate's stock worth $135,778,000 after acquiring an additional 238,608 shares in the last quarter. Norges Bank purchased a new stake in shares of Federal Signal in the 4th quarter worth about $78,192,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Federal Signal by 1.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate's stock worth $72,112,000 after purchasing an additional 11,466 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.
Federal Signal Stock Performance
NYSE FSS traded down $0.66 during trading hours on Tuesday, hitting $75.50. The company had a trading volume of 273,717 shares, compared to its average volume of 410,968. 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 Co. has a fifty-two week low of $66.47 and a fifty-two week high of $102.18. The business has a fifty day simple moving average of $82.42 and a 200-day simple moving average of $89.45. The firm has a market cap of $4.61 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11.
Federal Signal (NYSE:FSS - Get Free Report) last posted its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. The firm had revenue of $472.00 million during the quarter, compared to analysts' expectations of $481.90 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. Equities analysts predict that Federal Signal Co. will post 3.34 EPS for the current year.
Federal Signal Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid 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 dividend yield of 0.74%. Federal Signal's dividend payout ratio is presently 15.95%.
Insider Activity at Federal Signal
In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the firm's stock in a transaction on Friday, February 28th. The shares were purchased at an average price 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 in the company, valued at $46,031,944.56. This represents a 0.22 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.30% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on FSS shares. StockNews.com downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Raymond James decreased their price target on Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a report on Monday.
View Our Latest Analysis 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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