City Center Advisors LLC Invests $330,000 in Federal Signal Co. (NYSE:FSS)

City Center Advisors LLC bought a new stake in Federal Signal Co. (NYSE:FSS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,571 shares of the conglomerate’s stock, valued at approximately $330,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FSS. Federated Hermes Inc. raised its holdings in Federal Signal by 0.6% in the 2nd quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate’s stock valued at $1,699,000 after acquiring an additional 121 shares during the last quarter. Crossmark Global Holdings Inc. grew its position in shares of Federal Signal by 4.1% in the third quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock valued at $399,000 after purchasing an additional 169 shares in the last quarter. Xponance Inc. increased its holdings in shares of Federal Signal by 4.9% in the second quarter. Xponance Inc. now owns 3,812 shares of the conglomerate’s stock valued at $319,000 after purchasing an additional 178 shares during the last quarter. Quarry LP lifted its position in Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after buying an additional 183 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its position in shares of 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 acquiring an additional 216 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. DA Davidson lowered their price objective on Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Raymond James reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Federal Signal in a research note on Tuesday, December 24th. Finally, StockNews.com raised Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, December 28th.

Federal Signal Stock Up 0.2 %

Federal Signal stock opened at $93.00 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The firm has a 50 day moving average price of $93.68 and a 200 day moving average price of $91.64. Federal Signal Co. has a fifty-two week low of $72.40 and a fifty-two week high of $102.18. The company has a market capitalization of $5.68 billion, a PE ratio of 26.96 and a beta of 1.01.

Federal Signal (NYSE:FSS) last announced its earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.04. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $474.20 million for the quarter, compared to the consensus estimate of $481.71 million. During the same period in the prior year, the firm earned $0.71 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Research analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 15th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, November 15th. Federal Signal’s dividend payout ratio is presently 13.91%.

About Federal Signal

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.