JPMorgan Chase & Co. grew its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 79.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 304,711 shares of the conglomerate's stock after buying an additional 135,359 shares during the quarter. JPMorgan Chase & Co. owned 0.50% of Federal Signal worth $28,152,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Quarry LP increased its holdings in Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate's stock valued at $40,000 after purchasing an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Federal Signal in the third quarter valued at about $46,000. Signaturefd LLC boosted 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 buying an additional 165 shares during the last quarter. Mather Group LLC. increased its stake in shares of 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 purchasing an additional 149 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of Federal Signal by 15.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock valued at $124,000 after buying an additional 181 shares during the last quarter. Institutional investors own 92.73% of the company's stock.
Insider Transactions at Federal Signal
In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost 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 $46,031,944.56. This represents a 0.22 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.30% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently commented on the stock. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Raymond James restated an "outperform" rating and set a $110.00 price objective on shares of Federal Signal in a research report on Tuesday, December 24th.
View Our Latest Research Report on FSS
Federal Signal Price Performance
Shares of FSS traded up $1.99 during midday trading on Friday, hitting $76.19. 580,823 shares of the company traded hands, compared to its average volume of 411,222. The stock has a 50-day moving average of $82.85 and a 200-day moving average of $89.57. 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 Co. has a one year low of $66.47 and a one year high of $102.18. The firm has a market cap of $4.65 billion, a P/E ratio of 22.08, a PEG ratio of 1.85 and a beta of 1.11.
Federal Signal (NYSE:FSS - Get Free Report) last announced its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 net margin of 11.57% and a return on equity of 18.46%. As a group, sell-side analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.
Federal Signal Increases Dividend
The firm also recently declared 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 boost from Federal Signal's previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, March 14th. Federal Signal's dividend payout ratio (DPR) 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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