Truist Financial Corp Has $4.18 Million Holdings in Federal Signal Co. (NYSE:FSS)

Truist Financial Corp lifted its holdings in shares of Federal Signal Co. (NYSE:FSS) by 3.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,249 shares of the conglomerate’s stock after purchasing an additional 1,314 shares during the period. Truist Financial Corp’s holdings in Federal Signal were worth $4,181,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Barclays PLC lifted its holdings in Federal Signal by 338.7% in the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock valued at $13,569,000 after buying an additional 112,092 shares during the period. First Hawaiian Bank lifted its holdings in Federal Signal by 520.7% in the fourth quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate’s stock valued at $1,640,000 after buying an additional 14,891 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Federal Signal by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock valued at $71,875,000 after buying an additional 31,517 shares during the period. Quest Partners LLC lifted its holdings in Federal Signal by 4,025.9% in the third quarter. Quest Partners LLC now owns 18,608 shares of the conglomerate’s stock valued at $1,739,000 after buying an additional 18,157 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Federal Signal by 17.6% in the third 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 buying an additional 22,821 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Trading Down 2.9 %

FSS opened at $90.98 on Tuesday. Federal Signal Co. has a 1-year low of $76.85 and a 1-year high of $102.18. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The company has a market cap of $5.56 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01. The company has a fifty day moving average price of $95.70 and a two-hundred day moving average price of $92.99.

Federal Signal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be paid a $0.14 dividend. This is an increase from Federal Signal’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.62%. The ex-dividend date is Friday, March 14th. Federal Signal’s payout ratio is 13.91%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FSS. StockNews.com upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a report on Friday. Raymond James restated an “outperform” rating and issued a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th. Finally, DA Davidson dropped their target price on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th.

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.