Teton Advisors Inc. Lowers Stock Holdings in Federal Signal Co. (NYSE:FSS)

Teton Advisors Inc. reduced its stake in Federal Signal Co. (NYSE:FSS - Free Report) by 34.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,500 shares of the conglomerate's stock after selling 4,000 shares during the period. Teton Advisors Inc.'s holdings in Federal Signal were worth $693,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Federal Signal during the fourth quarter worth $78,192,000. Raymond James Financial Inc. bought a new position in Federal Signal during the fourth quarter worth about $36,636,000. Invesco Ltd. raised its position in shares of Federal Signal by 12.4% in the fourth quarter. Invesco Ltd. now owns 2,199,200 shares of the conglomerate's stock valued at $203,184,000 after purchasing an additional 242,840 shares during the period. Geode Capital Management LLC boosted its holdings in Federal Signal by 17.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate's stock worth $149,727,000 after buying an additional 239,789 shares during the period. Finally, FMR LLC grew its stake in Federal Signal by 19.4% in the 4th quarter. FMR LLC now owns 1,469,614 shares of the conglomerate's stock worth $135,778,000 after buying an additional 238,608 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company's stock.

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 stock was acquired at an average price of $82.32 per share, with a total value of $102,900.00. Following the transaction, the chief executive officer now owns 559,183 shares in the company, valued at approximately $46,031,944.56. This trade represents a 0.22 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.30% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Raymond James cut their target price on shares of Federal Signal from $105.00 to $100.00 and set an "outperform" rating for the company in a research report on Monday. StockNews.com downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.

Federal Signal Stock Up 0.2 %

NYSE FSS traded up $0.15 during trading hours on Friday, reaching $75.14. 972,242 shares of the company's stock traded hands, compared to its average volume of 416,431. The firm has a market cap of $4.59 billion, a PE ratio of 21.78, a PEG ratio of 1.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. Federal Signal Co. has a 52-week low of $66.47 and a 52-week high of $102.18. The firm has a 50-day simple moving average of $81.08 and a 200 day simple moving average of $89.13.

Federal Signal (NYSE:FSS - Get Free Report) last posted 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. The firm had revenue of $472.00 million during the quarter, compared to analyst estimates of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Sell-side analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 0.75%. This is a boost from Federal Signal's previous quarterly dividend of $0.12. Federal Signal's payout ratio is currently 15.95%.

Federal Signal 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.