Teacher Retirement System of Texas lowered its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 8.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,431 shares of the conglomerate's stock after selling 8,108 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.14% of Federal Signal worth $7,893,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of FSS. Intech Investment Management LLC increased its position in shares of Federal Signal by 44.4% in the third quarter. Intech Investment Management LLC now owns 32,939 shares of the conglomerate's stock worth $3,078,000 after acquiring an additional 10,134 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 period. Raymond James Trust N.A. raised its stake in Federal Signal by 7.7% during the 3rd quarter. Raymond James Trust N.A. now owns 3,038 shares of the conglomerate's stock valued at $284,000 after purchasing an additional 216 shares during the period. Citigroup Inc. raised its stake in Federal Signal by 39.3% during the 3rd quarter. Citigroup Inc. now owns 82,664 shares of the conglomerate's stock valued at $7,726,000 after purchasing an additional 23,310 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of Federal Signal by 12.8% in the third quarter. Cerity Partners LLC now owns 44,712 shares of the conglomerate's stock valued at $4,179,000 after purchasing an additional 5,070 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.
Federal Signal Stock Up 0.4 %
Shares of Federal Signal stock traded up $0.33 on Wednesday, hitting $79.42. 591,476 shares of the company traded hands, compared to its average volume of 363,620. 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 Co. has a 12-month low of $74.23 and a 12-month high of $102.18. The company has a 50-day moving average price of $89.62 and a 200 day moving average price of $91.02. The company has a market cap of $4.85 billion, a PE ratio of 23.02, a PEG ratio of 1.85 and a beta of 1.02.
Federal Signal (NYSE:FSS - Get Free Report) last issued its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, hitting 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. Sell-side 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 declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.14 per share. This is a positive change from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 0.71%. Federal Signal's dividend payout ratio is 15.95%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on FSS. Raymond James reiterated an "outperform" rating and set a $110.00 price target on shares of Federal Signal in a report on Tuesday, December 24th. StockNews.com cut Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.
Check Out Our Latest Report on FSS
Insider Activity
In related news, CEO Jennifer L. Sherman bought 1,250 shares of the business's stock in a transaction on Friday, February 28th. The shares were bought 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 directly owns 559,183 shares in the company, 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 can be accessed through this hyperlink. 3.30% of the stock is owned by insiders.
Federal Signal Profile
(
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.
See Also
Before you consider Federal Signal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Federal Signal wasn't on the list.
While Federal Signal currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
