Natixis Advisors LLC trimmed its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 10.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,340 shares of the conglomerate's stock after selling 5,134 shares during the period. Natixis Advisors LLC owned approximately 0.08% of Federal Signal worth $4,281,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of FSS. Quarry LP grew its stake in shares of Federal Signal by 73.5% during 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 purchased a new position in Federal Signal during the 3rd quarter valued at about $46,000. Millburn Ridgefield Corp bought a new position in Federal Signal in the third quarter worth approximately $70,000. Mather Group LLC. lifted 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 grew its position in shares of Federal Signal by 15.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock worth $124,000 after buying an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.
Insider Activity
In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were bought 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 3.30% of the company's stock.
Federal Signal Stock Performance
NYSE FSS traded up $0.33 on Wednesday, hitting $79.42. 591,476 shares of the company's stock traded hands, compared to its average volume of 363,073. The firm has a market capitalization of $4.85 billion, a PE ratio of 23.02, a P/E/G ratio of 1.85 and a beta of 1.02. Federal Signal Co. has a 1-year low of $74.23 and a 1-year high of $102.18. The firm's 50-day moving average price is $89.95 and its two-hundred day moving average price is $91.10. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19.
Federal Signal (NYSE:FSS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. The company had revenue of $472.00 million for 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, analysts expect that Federal Signal Co. will post 3.34 EPS for the current year.
Federal Signal Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.14 per share. This is a boost from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. Federal Signal's dividend payout ratio (DPR) is presently 15.95%.
Wall Street Analysts Forecast Growth
FSS has been the topic of several recent analyst reports. Raymond James reaffirmed an "outperform" rating and set a $110.00 target price on shares of Federal Signal in a research report on Tuesday, December 24th. StockNews.com downgraded Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st.
Read Our Latest Report 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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