Legal & General Group Plc trimmed its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 175,388 shares of the conglomerate's stock after selling 4,920 shares during the quarter. Legal & General Group Plc owned about 0.29% of Federal Signal worth $16,204,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Federal Signal by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 7,247,803 shares of the conglomerate's stock worth $669,625,000 after acquiring an additional 93,597 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Federal Signal by 12.4% in the 4th quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate's stock valued at $203,184,000 after purchasing an additional 242,840 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Federal Signal by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 1,630,971 shares of the conglomerate's stock valued at $150,715,000 after purchasing an additional 29,197 shares during the period. FMR LLC increased its position in Federal Signal by 19.4% during the fourth quarter. FMR LLC now owns 1,469,614 shares of the conglomerate's stock worth $135,778,000 after buying an additional 238,608 shares during the period. Finally, Norges Bank purchased a new stake in Federal Signal in the fourth quarter valued at approximately $78,192,000. 92.73% of the stock is currently owned by hedge funds and other institutional investors.
Federal Signal Stock Performance
NYSE:FSS traded up $0.15 during midday trading on Friday, reaching $75.14. The stock had a trading volume of 972,242 shares, compared to its average volume of 416,431. The stock has a market cap of $4.59 billion, a P/E ratio of 21.78, a P/E/G ratio of 1.85 and a beta of 1.11. 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 12-month low of $66.47 and a 12-month high of $102.18. The firm has a fifty day simple moving average of $80.60 and a two-hundred day simple moving average of $89.01.
Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $472.00 million during the quarter, compared to analysts' expectations of $481.90 million. On average, equities analysts expect that Federal Signal Co. will post 3.34 EPS for the current 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 yield of 0.75%. The ex-dividend date of this dividend was Friday, March 14th. Federal Signal's dividend payout ratio is presently 15.95%.
Insider Buying and Selling at Federal Signal
In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the company's stock in a transaction dated Friday, February 28th. The stock was acquired 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 directly owns 559,183 shares in the company, valued at $46,031,944.56. This represents a 0.22 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 3.30% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Raymond James cut their target price on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. StockNews.com cut shares of Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st.
View Our Latest Stock Analysis on FSS
Federal Signal Company Profile
(
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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