Trexquant Investment LP Reduces Stake in Federal Signal Co. (NYSE:FSS)

Trexquant Investment LP lessened its holdings in shares of Federal Signal Co. (NYSE:FSS - Free Report) by 27.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,803 shares of the conglomerate's stock after selling 18,844 shares during the quarter. Trexquant Investment LP owned about 0.08% of Federal Signal worth $4,509,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Federal Signal by 17.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate's stock valued at $14,246,000 after acquiring an additional 22,821 shares during the last quarter. Captrust Financial Advisors raised its stake in Federal Signal by 14.9% during the third quarter. Captrust Financial Advisors now owns 14,070 shares of the conglomerate's stock valued at $1,315,000 after purchasing an additional 1,829 shares in the last quarter. Verition Fund Management LLC bought a new position in Federal Signal during the third quarter valued at $495,000. HighTower Advisors LLC increased its holdings in shares of Federal Signal by 5.8% in the 3rd quarter. HighTower Advisors LLC now owns 35,701 shares of the conglomerate's stock worth $3,327,000 after buying an additional 1,972 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Federal Signal by 18.7% in the 3rd quarter. Janus Henderson Group PLC now owns 50,129 shares of the conglomerate's stock worth $4,686,000 after buying an additional 7,891 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors.

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Insider Activity at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of Federal Signal stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $82.32 per share, with a total value of $102,900.00. Following the completion of 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on FSS. Raymond James reiterated an "outperform" rating and issued a $110.00 price target on shares of Federal Signal in a research report on Tuesday, December 24th. StockNews.com downgraded Federal Signal from a "buy" rating to a "hold" rating in a research report on Saturday, March 1st.

Federal Signal Trading Down 3.9 %

Shares of NYSE:FSS traded down $2.98 during trading hours on Thursday, hitting $73.61. 98,734 shares of the company's stock traded hands, compared to its average volume of 545,776. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The business has a fifty day moving average price of $83.72 and a 200-day moving average price of $89.84. Federal Signal Co. has a 1 year low of $66.47 and a 1 year high of $102.18. The firm has a market capitalization of $4.50 billion, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11.

Federal Signal (NYSE:FSS - Get Free Report) last released its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, hitting analysts' consensus estimates of $0.87. The business had revenue of $472.00 million for 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%. Equities analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.76%. This is a positive change from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date was Friday, March 14th. Federal Signal's dividend payout ratio is presently 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.