Federal Signal Co. (NYSE:FSS) Shares Sold by Oak Ridge Investments LLC

Oak Ridge Investments LLC trimmed its stake in shares of Federal Signal Co. (NYSE:FSS) by 2.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,470 shares of the conglomerate’s stock after selling 977 shares during the period. Oak Ridge Investments LLC owned 0.06% of Federal Signal worth $3,462,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. American Century Companies Inc. purchased a new position in shares of Federal Signal in the second quarter worth about $301,000. Federated Hermes Inc. boosted its holdings in shares of Federal Signal by 0.6% during the 2nd quarter. Federated Hermes Inc. now owns 20,311 shares of the conglomerate’s stock worth $1,699,000 after purchasing an additional 121 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Federal Signal by 5.3% in the second quarter. Envestnet Asset Management Inc. now owns 165,323 shares of the conglomerate’s stock valued at $13,833,000 after purchasing an additional 8,337 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Federal Signal in the second quarter valued at approximately $7,714,000. Finally, Blair William & Co. IL lifted its position in Federal Signal by 434.0% during the second quarter. Blair William & Co. IL now owns 14,562 shares of the conglomerate’s stock worth $1,218,000 after buying an additional 11,835 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Federal Signal Stock Performance

NYSE FSS opened at $96.88 on Friday. The stock has a market cap of $5.92 billion, a PE ratio of 28.08 and a beta of 1.01. Federal Signal Co. has a twelve month low of $73.09 and a twelve month high of $102.18. The stock has a fifty day simple moving average of $94.62 and a 200-day simple moving average of $92.05. 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 (NYSE:FSS) last announced its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.04. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $474.20 million during the quarter, compared to analysts’ expectations of $481.71 million. During the same period last year, the business earned $0.71 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. Equities analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Announces Dividend

The company also recently declared 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. The ex-dividend date was Friday, November 15th. This represents a $0.48 annualized dividend and a dividend yield of 0.50%. Federal Signal’s dividend payout ratio is currently 13.91%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Raymond James reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Federal Signal in a research note on Tuesday, December 24th. DA Davidson reduced their target price on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Finally, StockNews.com raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, December 28th.

Federal Signal 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.