Prudential Financial Inc. lowered its holdings in Federal Signal Co. (NYSE:FSS - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,263 shares of the conglomerate's stock after selling 4,795 shares during the quarter. Prudential Financial Inc. owned 0.11% of Federal Signal worth $5,937,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Quarry LP boosted its holdings in 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 purchasing an additional 183 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Federal Signal in the 3rd quarter valued at $46,000. Signaturefd LLC boosted its stake in 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 buying an additional 165 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in Federal Signal in the third quarter valued at $70,000. Finally, Mather Group LLC. raised its stake in Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock worth $82,000 after acquiring an additional 149 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.
Federal Signal Price Performance
Federal Signal stock traded down $2.56 on Friday, reaching $70.38. The company's stock had a trading volume of 55,155 shares, compared to its average volume of 397,187. Federal Signal Co. has a twelve month low of $67.80 and a twelve month high of $102.18. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.85 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The business's fifty day moving average price is $86.86 and its 200 day moving average price is $90.59.
Federal Signal (NYSE:FSS - Get Free Report) last issued 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 business had revenue of $472.00 million for the quarter, compared to the consensus estimate of $481.90 million. Equities analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.
Federal Signal Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.80%. The ex-dividend date was Friday, March 14th. This is a boost from Federal Signal's previous quarterly dividend of $0.12. Federal Signal's payout ratio is 15.95%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the stock. Raymond James reaffirmed an "outperform" rating and issued a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th. StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st.
Check Out Our Latest Report on Federal Signal
Insiders Place Their Bets
In other news, CEO Jennifer L. Sherman acquired 1,250 shares of the company's stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $82.32 per share, with a total value of $102,900.00. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.30% of the company's stock.
Federal Signal Profile
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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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