Victory Capital Management Inc. Has $20.25 Million Stock Holdings in Federal Signal Co. (NYSE:FSS)

Victory Capital Management Inc. boosted its position in Federal Signal Co. (NYSE:FSS) by 84.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 219,147 shares of the conglomerate’s stock after acquiring an additional 100,135 shares during the quarter. Victory Capital Management Inc. owned 0.36% of Federal Signal worth $20,247,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FSS. Quarry LP increased its stake in shares of Federal Signal by 73.5% in the 3rd 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. Wilmington Savings Fund Society FSB acquired a new stake in Federal Signal in the third quarter valued at about $46,000. Millburn Ridgefield Corp bought a new position in Federal Signal in the third quarter valued at about $70,000. Mather Group LLC. raised its stake in Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock worth $82,000 after acquiring an additional 149 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Federal Signal by 15.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate’s stock worth $124,000 after acquiring an additional 181 shares during the last quarter. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FSS has been the topic of several research reports. StockNews.com lowered shares of 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 target price on shares of Federal Signal in a research note on Tuesday, December 24th.

Insiders Place Their Bets

In related news, CEO Jennifer L. Sherman acquired 1,250 shares of Federal Signal stock in a transaction dated Friday, February 28th. The stock was bought at an average price 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 represents a 0.22 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.10% of the company’s stock.

Federal Signal Stock Performance

Shares of FSS stock opened at $80.45 on Wednesday. Federal Signal Co. has a 12 month low of $76.85 and a 12 month high of $102.18. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 1.85 and a beta of 1.03. The business’s 50-day moving average price is $93.20 and its 200-day moving average price is $92.03.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, meeting the consensus estimate of $0.87. The company 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%. Equities research analysts forecast that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be paid a $0.14 dividend. This is a positive change 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 0.70%. The ex-dividend date is Friday, March 14th. Federal Signal’s dividend payout ratio is currently 15.95%.

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.