KLP Kapitalforvaltning AS Invests $1.16 Million in Federal Signal Co. (NYSE:FSS)

KLP Kapitalforvaltning AS acquired a new stake in Federal Signal Co. (NYSE:FSS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,500 shares of the conglomerate's stock, valued at approximately $1,155,000.

Several other hedge funds have also recently added to or reduced their stakes in FSS. Quarry LP grew its position in shares of 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 purchased a new stake in Federal Signal in the 3rd quarter valued at approximately $46,000. Signaturefd LLC grew its holdings in Federal Signal by 37.4% during 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. Millburn Ridgefield Corp acquired a new stake in Federal Signal during the 3rd quarter valued at $70,000. Finally, Mather Group LLC. increased its position in Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after buying an additional 149 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Jennifer L. Sherman acquired 1,250 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $82.32 per share, with a total value of $102,900.00. Following the purchase, the chief executive officer now directly owns 559,183 shares of the company's stock, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.30% of the stock is currently owned by insiders.

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Analyst Ratings Changes

FSS has been the topic of a number of analyst reports. Raymond James reaffirmed an "outperform" rating and set a $110.00 price objective on shares of Federal Signal in a research note on Tuesday, December 24th. StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st.

Federal Signal Trading Down 5.3 %

Shares of FSS stock traded down $4.06 during mid-day trading on Thursday, hitting $73.01. 646,253 shares of the company's stock were exchanged, compared to its average volume of 398,458. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 21.16, a PEG ratio of 1.85 and a beta of 1.02. 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 $72.40 and a fifty-two week high of $102.18. The stock has a 50-day simple moving average of $86.86 and a two-hundred day simple moving average of $90.59.

Federal Signal (NYSE:FSS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.87. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm had revenue of $472.00 million for the quarter, compared to analyst estimates of $481.90 million. Equities analysts expect that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors 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. The ex-dividend date was Friday, March 14th. This represents a $0.56 annualized dividend and a yield of 0.77%. Federal Signal's dividend payout ratio is 15.95%.

About Federal Signal

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.