Amundi Purchases 20,483 Shares of Federal Signal Co. (NYSE:FSS)

Amundi increased its position in shares of Federal Signal Co. (NYSE:FSS) by 190.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,248 shares of the conglomerate’s stock after acquiring an additional 20,483 shares during the period. Amundi owned approximately 0.05% of Federal Signal worth $2,901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of FSS. Quarry LP increased its holdings in Federal Signal by 73.5% during the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after acquiring an additional 183 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Federal Signal during the 3rd quarter worth approximately $46,000. Millburn Ridgefield Corp bought a new stake in Federal Signal during the 3rd quarter worth approximately $70,000. Mather Group LLC. increased its holdings in Federal Signal by 20.1% during the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock worth $82,000 after acquiring an additional 149 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in Federal Signal by 15.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate’s stock worth $124,000 after acquiring an additional 181 shares during the period. Institutional investors own 92.73% of the company’s stock.

Wall Street Analysts Forecast Growth

FSS has been the topic of a number of research analyst reports. Raymond James reissued an “outperform” rating and issued a $110.00 price target on shares of Federal Signal in a report on Tuesday, December 24th. StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st.

Federal Signal Price Performance

Shares of NYSE:FSS opened at $77.18 on Monday. 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 one year low of $75.20 and a one year high of $102.18. The company’s fifty day moving average price is $92.22 and its 200-day moving average price is $91.70. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.85 and a beta of 1.02.

Federal Signal (NYSE:FSS) last released its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company had revenue of $472.00 million for the quarter, compared to analyst estimates of $481.90 million. On average, equities research analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. Federal Signal’s dividend payout ratio (DPR) is currently 15.95%.

Insider Activity at Federal Signal

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the company’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 directly owns 559,183 shares of the company’s stock, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.10% of the stock is owned by insiders.

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.