Ranger Investment Management L.P. Lowers Stock Holdings in Federal Signal Co. (NYSE:FSS)

Ranger Investment Management L.P. reduced its position in Federal Signal Co. (NYSE:FSS - Free Report) by 2.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 358,035 shares of the conglomerate's stock after selling 7,755 shares during the period. Federal Signal comprises 2.1% of Ranger Investment Management L.P.'s holdings, making the stock its 14th largest position. Ranger Investment Management L.P. owned about 0.59% of Federal Signal worth $33,079,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Federal Signal during the fourth quarter worth $78,192,000. Raymond James Financial Inc. bought a new stake in Federal Signal in the 4th quarter valued at about $36,636,000. Invesco Ltd. grew its position in shares of Federal Signal by 12.4% during the 4th quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate's stock worth $203,184,000 after purchasing an additional 242,840 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Federal Signal by 17.6% during the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate's stock worth $149,727,000 after purchasing an additional 239,789 shares during the period. Finally, FMR LLC raised its position in shares of Federal Signal by 19.4% in the fourth quarter. FMR LLC now owns 1,469,614 shares of the conglomerate's stock valued at $135,778,000 after buying an additional 238,608 shares in the last quarter. Institutional investors own 92.73% of the company's stock.

Insider Buying and Selling at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman bought 1,250 shares of the business's stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the purchase, the chief executive officer now directly owns 559,183 shares of the company's stock, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.30% of the company's stock.

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Analysts Set New Price Targets

FSS has been the topic of a number of analyst reports. Raymond James reduced their price objective on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating on the stock in a research note on Monday. StockNews.com downgraded Federal Signal from a "buy" rating to a "hold" rating in a report on Saturday, March 1st.

Federal Signal Trading Down 1.1 %

Federal Signal stock traded down $0.86 during trading hours on Monday, reaching $75.40. 170,294 shares of the company's stock were exchanged, compared to its average volume of 410,375. The firm's 50 day simple moving average is $82.85 and its 200 day simple moving average is $89.57. Federal Signal Co. has a twelve month low of $66.47 and a twelve month high of $102.18. The firm has a market capitalization of $4.61 billion, a PE ratio of 21.86, a PEG ratio of 1.85 and a beta of 1.11. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.

Federal Signal (NYSE:FSS - Get Free Report) last issued its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting analysts' consensus estimates of $0.87. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business had revenue of $472.00 million during the quarter, compared to analyst estimates of $481.90 million. Research analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Friday, March 14th. This is a positive change from Federal Signal's previous quarterly dividend of $0.12. 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.