Pictet Asset Management Holding SA Has $838,000 Holdings in Federal Signal Co. (NYSE:FSS)

Pictet Asset Management Holding SA boosted its holdings in Federal Signal Co. (NYSE:FSS) by 11.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,070 shares of the conglomerate’s stock after purchasing an additional 935 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Federal Signal were worth $838,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in FSS. Verition Fund Management LLC purchased a new position in shares of Federal Signal during the third quarter valued at approximately $495,000. HighTower Advisors LLC lifted its stake in Federal Signal by 5.8% during the 3rd quarter. HighTower Advisors LLC now owns 35,701 shares of the conglomerate’s stock valued at $3,327,000 after acquiring an additional 1,972 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Federal Signal by 18.7% during the 3rd quarter. Janus Henderson Group PLC now owns 50,129 shares of the conglomerate’s stock worth $4,686,000 after acquiring an additional 7,891 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of Federal Signal by 133.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 8,400 shares of the conglomerate’s stock worth $785,000 after acquiring an additional 4,800 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after purchasing an additional 183 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Raymond James reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a research report on Tuesday, December 24th. StockNews.com lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st.

Insider Activity

In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the purchase, the chief executive officer now owns 559,183 shares of the company’s stock, valued at $46,031,944.56. This represents a 0.22 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.30% of the company’s stock.

Federal Signal Price Performance

Shares of NYSE:FSS opened at $70.51 on Tuesday. Federal Signal Co. has a fifty-two week low of $66.47 and a fifty-two week high of $102.18. The company’s 50-day moving average is $85.76 and its 200 day moving average is $90.35. 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 company has a market capitalization of $4.31 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11.

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

Federal Signal Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.79%. Federal Signal’s payout ratio is presently 15.95%.

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.