Schroder Investment Management Group Boosts Stake in Federal Signal Co. (NYSE:FSS)

Schroder Investment Management Group increased its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 110.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,849 shares of the conglomerate's stock after acquiring an additional 8,837 shares during the period. Schroder Investment Management Group's holdings in Federal Signal were worth $1,553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quarry LP grew its holdings in Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate's stock valued at $40,000 after purchasing an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Federal Signal in the 3rd quarter valued at about $46,000. Signaturefd LLC grew 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 acquiring an additional 165 shares during the last quarter. Mather Group LLC. increased its holdings in Federal Signal by 20.1% during the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate's stock valued at $82,000 after acquiring an additional 149 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in Federal Signal by 15.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate's stock worth $124,000 after acquiring an additional 181 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

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Federal Signal Trading Up 2.7 %

Shares of Federal Signal stock traded up $1.99 during mid-day trading on Friday, hitting $76.19. 580,823 shares of the stock were exchanged, compared to its average volume of 410,335. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. Federal Signal Co. has a twelve month low of $66.47 and a twelve month high of $102.18. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The company has a 50-day simple moving average of $82.85 and a 200 day simple moving average of $89.59.

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

Federal Signal Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.74%. This is an increase from Federal Signal's previous quarterly dividend of $0.12. Federal Signal's payout ratio is currently 15.95%.

Analysts Set New Price Targets

Several research firms have recently commented on FSS. StockNews.com lowered shares of Federal Signal from a "buy" rating to a "hold" rating in a research 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 at Federal Signal

In related news, CEO Jennifer L. Sherman bought 1,250 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the acquisition, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.