US Bancorp DE Cuts Stock Position in Federal Signal Co. (NYSE:FSS)

US Bancorp DE decreased its stake in shares of Federal Signal Co. (NYSE:FSS) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,899 shares of the conglomerate’s stock after selling 196 shares during the quarter. US Bancorp DE’s holdings in Federal Signal were worth $360,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FSS. Crossmark Global Holdings Inc. increased its holdings in Federal Signal by 4.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock worth $399,000 after purchasing an additional 169 shares during the period. Aigen Investment Management LP purchased a new stake in Federal Signal during the 3rd quarter worth about $466,000. Victory Capital Management Inc. increased its holdings in Federal Signal by 299.5% during the 3rd quarter. Victory Capital Management Inc. now owns 119,012 shares of the conglomerate’s stock worth $11,123,000 after purchasing an additional 89,225 shares during the period. KBC Group NV increased its holdings in Federal Signal by 20.9% during the 3rd quarter. KBC Group NV now owns 1,796 shares of the conglomerate’s stock worth $168,000 after purchasing an additional 311 shares during the period. Finally, Archer Investment Corp increased its holdings in Federal Signal by 33.9% during the 3rd quarter. Archer Investment Corp now owns 1,580 shares of the conglomerate’s stock worth $148,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

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

Federal Signal Trading Down 4.5 %

NYSE:FSS opened at $75.39 on Friday. The stock has a 50-day simple moving average of $92.60 and a 200-day simple moving average of $91.82. The stock has a market cap of $4.61 billion, a P/E ratio of 21.85, a P/E/G ratio of 1.85 and a beta of 1.03. Federal Signal Co. has a 1 year low of $75.20 and a 1 year high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. The business had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. As a group, analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be given a $0.14 dividend. 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 dividend on an annualized basis and a dividend yield of 0.74%. Federal Signal’s dividend payout ratio is 15.95%.

Insider Activity at Federal Signal

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost 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 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 SEC, which is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

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.