Neumeier Poma Investment Counsel LLC Lowers Stock Holdings in Federal Signal Co. (NYSE:FSS)

Neumeier Poma Investment Counsel LLC decreased its position in Federal Signal Co. (NYSE:FSS - Free Report) by 8.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 327,698 shares of the conglomerate's stock after selling 30,087 shares during the period. Federal Signal comprises approximately 2.9% of Neumeier Poma Investment Counsel LLC's portfolio, making the stock its 14th biggest holding. Neumeier Poma Investment Counsel LLC owned about 0.54% of Federal Signal worth $30,276,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Barclays PLC grew its holdings in Federal Signal by 338.7% in the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate's stock worth $13,569,000 after purchasing an additional 112,092 shares during the period. First Hawaiian Bank increased its holdings in shares of Federal Signal by 520.7% during the fourth quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate's stock valued at $1,640,000 after acquiring an additional 14,891 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Federal Signal by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate's stock worth $71,875,000 after purchasing an additional 31,517 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Federal Signal by 17.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate's stock valued at $14,246,000 after purchasing an additional 22,821 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Federal Signal by 84.1% in the fourth quarter. Victory Capital Management Inc. now owns 219,147 shares of the conglomerate's stock worth $20,247,000 after buying an additional 100,135 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In related news, CEO Jennifer L. Sherman bought 1,250 shares of the company's stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $82.32 per share, with a total value of $102,900.00. Following 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

Federal Signal Price Performance

FSS stock opened at $73.51 on Tuesday. The company has a market capitalization of $4.49 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02. The company's fifty day moving average price is $88.34 and its 200-day moving average price is $90.89. Federal Signal Co. has a one year low of $73.05 and a one year high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.

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 (EPS) for the quarter, meeting analysts' consensus estimates 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 net margin of 11.57% and a return on equity of 18.46%. On average, equities analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current fiscal 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 paid a $0.14 dividend. This is an increase from Federal Signal's previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Friday, March 14th. Federal Signal's dividend payout ratio is currently 15.95%.

Federal Signal Company Profile

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.