Federal Signal Co. (NYSE:FSS) Stock Position Raised by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in Federal Signal Co. (NYSE:FSS) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 502,173 shares of the conglomerate’s stock after buying an additional 36,616 shares during the period. Bank of New York Mellon Corp owned about 0.82% of Federal Signal worth $46,396,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Mather Group LLC. raised its holdings in Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock valued at $82,000 after buying an additional 149 shares in the last quarter. Albion Financial Group UT grew its position in Federal Signal by 1.3% during the fourth quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate’s stock worth $1,120,000 after buying an additional 153 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Federal Signal by 4.1% during the third quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock worth $399,000 after buying an additional 169 shares in the last quarter. Quarry LP grew its position in Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after buying an additional 183 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its holdings in Federal Signal by 7.7% during the third quarter. Raymond James Trust N.A. now owns 3,038 shares of the conglomerate’s stock valued at $284,000 after purchasing an additional 216 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Ratings Changes

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

Federal Signal Price Performance

Shares of FSS stock opened at $81.04 on Thursday. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 12-month low of $76.85 and a 12-month high of $102.18. The firm has a fifty day moving average of $94.20 and a 200-day moving average of $92.40.

Federal Signal (NYSE:FSS) last announced its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.87. The firm had revenue of $472.00 million during the quarter, compared to analyst estimates 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, March 14th. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.69%. Federal Signal’s payout ratio is 15.95%.

Insiders Place Their Bets

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $82.32 per share, with a total value of $102,900.00. Following the acquisition, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.10% of the company’s stock.

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.