Wealthfront Advisers LLC Makes New Investment in Federal Signal Co. (NYSE:FSS)

Wealthfront Advisers LLC bought a new position in Federal Signal Co. (NYSE:FSS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,892 shares of the conglomerate's stock, valued at approximately $1,745,000.

Several other hedge funds have also recently modified their holdings of the stock. State Street Corp lifted its holdings in shares of Federal Signal by 1.1% in the third quarter. State Street Corp now owns 2,293,775 shares of the conglomerate's stock worth $214,376,000 after buying an additional 25,080 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Federal Signal by 17.6% in the third 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Federal Signal by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate's stock worth $72,112,000 after buying an additional 11,466 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Federal Signal by 26.7% in the third quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate's stock worth $59,523,000 after buying an additional 134,457 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. raised its stake in Federal Signal by 1.5% during the third quarter. Global Alpha Capital Management Ltd. now owns 602,613 shares of the conglomerate's stock valued at $56,320,000 after purchasing an additional 9,100 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company's stock.

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Federal Signal Trading Up 0.3 %

FSS stock traded up $0.25 during mid-day trading on Wednesday, reaching $77.78. 784,004 shares of the stock traded hands, compared to its average volume of 355,563. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. Federal Signal Co. has a one year low of $75.20 and a one year high of $102.18. The stock has a market capitalization of $4.75 billion, a PE ratio of 22.54, a PEG ratio of 1.85 and a beta of 1.02. The business has a 50-day moving average price of $91.63 and a two-hundred day moving average price of $91.47.

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

Federal Signal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be given a dividend of $0.14 per share. This is a boost from Federal Signal's previous quarterly dividend of $0.12. The ex-dividend date is Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a yield of 0.72%. Federal Signal's payout ratio is 15.95%.

Wall Street Analysts Forecast Growth

FSS has been the topic of a number of recent research reports. Raymond James reaffirmed an "outperform" rating and set a $110.00 price target on shares of Federal Signal in a research note on Tuesday, December 24th. StockNews.com downgraded shares of Federal Signal from a "buy" rating to a "hold" rating in a research note on Saturday, March 1st.

Insider Buying and Selling at Federal Signal

In related news, CEO Jennifer L. Sherman purchased 1,250 shares of the business's stock in a transaction dated Friday, February 28th. The shares were 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 approximately $46,031,944.56. This trade represents a 0.22 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.10% 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.