Landscape Capital Management L.L.C. bought a new stake in Federal Signal Co. (NYSE:FSS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,169 shares of the conglomerate's stock, valued at approximately $385,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Quarry LP lifted its stake 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 buying an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Federal Signal in the 3rd quarter worth about $46,000. Signaturefd LLC grew its stake in shares of Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after purchasing an additional 165 shares in the last quarter. Mather Group LLC. increased its holdings in shares of Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock valued at $82,000 after purchasing an additional 149 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in shares of Federal Signal by 15.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock valued at $124,000 after purchasing an additional 181 shares during the period. 92.73% of the stock is currently owned by hedge funds and other institutional investors.
Federal Signal Stock Performance
Shares of Federal Signal stock traded up $1.99 on Friday, reaching $76.19. The stock had a trading volume of 580,823 shares, compared to its average volume of 411,222. Federal Signal Co. has a fifty-two week low of $66.47 and a fifty-two week high of $102.18. The business's 50-day moving average price is $82.85 and its two-hundred day moving average price is $89.57. 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 stock has a market cap of $4.65 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11.
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, meeting the consensus estimate of $0.87. The company had revenue of $472.00 million for the quarter, compared to the consensus estimate of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. On average, sell-side analysts forecast that Federal Signal Co. will post 3.34 EPS for the current year.
Federal Signal Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.74%. This is a positive change from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, March 14th. Federal Signal's payout ratio is currently 15.95%.
Insider Buying and Selling at Federal Signal
In related news, CEO Jennifer L. Sherman purchased 1,250 shares of the business's stock in a transaction dated Friday, February 28th. The shares were bought at an average price 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 in the company, valued at $46,031,944.56. This trade represents a 0.22 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.30% of the company's stock.
Analysts Set New Price Targets
FSS has been the subject of a number of recent analyst reports. Raymond James reiterated an "outperform" rating and issued a $110.00 price target on shares of Federal Signal in a research report on Tuesday, December 24th. StockNews.com lowered Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st.
Read Our Latest Report on FSS
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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