NEOS Investment Management LLC Purchases 10,293 Shares of Federal Signal Co. (NYSE:FSS)

NEOS Investment Management LLC increased its position in Federal Signal Co. (NYSE:FSS - Free Report) by 22.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 55,272 shares of the conglomerate's stock after purchasing an additional 10,293 shares during the period. NEOS Investment Management LLC owned about 0.09% of Federal Signal worth $5,107,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP boosted 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 worth $40,000 after buying an additional 183 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Federal Signal in the 3rd quarter worth about $46,000. Signaturefd LLC boosted its position in Federal Signal by 37.4% during the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock worth $56,000 after acquiring an additional 165 shares during the period. Millburn Ridgefield Corp acquired a new position in shares of Federal Signal in the 3rd quarter valued at about $70,000. Finally, Mather Group LLC. increased its holdings in shares of Federal Signal by 20.1% in the 4th 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. Institutional investors and hedge funds own 92.73% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on FSS shares. StockNews.com downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st. Raymond James reaffirmed an "outperform" rating and issued a $110.00 price target on shares of Federal Signal in a research note on Tuesday, December 24th.

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Federal Signal Stock Up 1.2 %

NYSE:FSS traded up $0.88 during mid-day trading on Tuesday, reaching $74.43. The stock had a trading volume of 113,687 shares, compared to its average volume of 395,514. The stock has a market cap of $4.55 billion, a P/E ratio of 21.53, a PEG ratio of 1.85 and a beta of 1.02. The business's 50 day moving average is $88.34 and its 200 day moving average is $90.89. 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 fifty-two week low of $72.79 and a fifty-two week high of $102.18.

Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, meeting analysts' consensus estimates of $0.87. The business had revenue of $472.00 million for the quarter, compared to the consensus estimate 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 earnings per share for the current year.

Federal Signal Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Federal Signal's previous quarterly dividend of $0.12. Federal Signal's dividend payout ratio is 15.95%.

Insider Activity at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman acquired 1,250 shares of Federal Signal 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 completion of the transaction, the chief executive officer now owns 559,183 shares of the company's stock, valued at $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is owned by company insiders.

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.