Signaturefd LLC Grows Stock Position in Federal Signal Co. (NYSE:FSS)

Signaturefd LLC boosted its position in shares of Federal Signal Co. (NYSE:FSS) by 37.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 606 shares of the conglomerate’s stock after buying an additional 165 shares during the quarter. Signaturefd LLC’s holdings in Federal Signal were worth $56,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Barclays PLC boosted its stake in shares of Federal Signal by 338.7% during the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock worth $13,569,000 after purchasing an additional 112,092 shares during the period. First Hawaiian Bank grew its stake in shares of Federal Signal by 520.7% during 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 last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Federal Signal by 4.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock worth $71,875,000 after buying an additional 31,517 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake 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 worth $14,246,000 after acquiring an additional 22,821 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Federal Signal by 84.1% during the 4th quarter. Victory Capital Management Inc. now owns 219,147 shares of the conglomerate’s stock valued at $20,247,000 after acquiring an additional 100,135 shares during the period. Institutional investors own 92.73% of the company’s stock.

Insiders Place Their Bets

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 owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FSS. Raymond James reiterated an “outperform” rating and issued a $110.00 target price on shares of Federal Signal in a research note 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

FSS opened at $78.18 on Tuesday. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 1.85 and a beta of 1.02. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 12-month low of $74.23 and a 12-month high of $102.18. The business’s fifty day simple moving average is $90.31 and its 200-day simple moving average is $91.13.

Federal Signal (NYSE:FSS) last issued its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, hitting 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 analysts’ expectations 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 disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors 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. 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%.

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.