New Age Alpha Advisors LLC Invests $328,000 in Federal Signal Co. (NYSE:FSS)

New Age Alpha Advisors LLC purchased a new position in Federal Signal Co. (NYSE:FSS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,551 shares of the conglomerate's stock, valued at approximately $328,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. 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 acquiring an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Federal Signal during the third quarter worth approximately $46,000. Signaturefd LLC boosted its holdings in shares of Federal Signal by 37.4% in the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate's stock valued at $56,000 after purchasing an additional 165 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of Federal Signal during the 3rd quarter valued at $70,000. Finally, Mather Group LLC. increased its holdings 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 buying an additional 149 shares during the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Trading Down 2.3 %

Shares of FSS stock traded down $1.70 during mid-day trading on Friday, reaching $71.24. The company's stock had a trading volume of 880,873 shares, compared to its average volume of 400,118. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4.35 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. The company's 50 day simple moving average is $86.30 and its 200-day simple moving average is $90.50. Federal Signal Co. has a 12-month low of $67.60 and a 12-month high of $102.18.

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Federal Signal (NYSE:FSS - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company had revenue of $472.00 million for the quarter, compared to analyst estimates of $481.90 million. On average, research analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were given a $0.14 dividend. This is an increase from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.56 annualized dividend and a yield of 0.79%. Federal Signal's dividend payout ratio (DPR) is 15.95%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. StockNews.com cut Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st. Raymond James reiterated an "outperform" rating and set a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th.

Insider Activity

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the purchase, the chief executive officer now owns 559,183 shares of the company's stock, valued at $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.30% of the company's stock.

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.