Steward Partners Investment Advisory LLC Increases Stake in Federal Signal Co. (NYSE:FSS)

Steward Partners Investment Advisory LLC raised its holdings in shares of Federal Signal Co. (NYSE:FSS) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,343 shares of the conglomerate’s stock after buying an additional 181 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Federal Signal were worth $124,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Federal Signal by 182.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate’s stock worth $127,000 after acquiring an additional 891 shares during the last quarter. Illumine Investment Management LLC acquired a new position in shares of Federal Signal in the 4th quarter valued at $537,000. Cavalier Investments LLC increased its holdings in Federal Signal by 4.2% in the 4th quarter. Cavalier Investments LLC now owns 10,810 shares of the conglomerate’s stock worth $999,000 after acquiring an additional 432 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Federal Signal by 7.9% during the fourth quarter. Bank of New York Mellon Corp now owns 502,173 shares of the conglomerate’s stock worth $46,396,000 after buying an additional 36,616 shares in the last quarter. Finally, Pembroke Management LTD grew its holdings in shares of Federal Signal by 26.6% in the fourth quarter. Pembroke Management LTD now owns 280,016 shares of the conglomerate’s stock valued at $25,871,000 after purchasing an additional 58,756 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Federal Signal Price Performance

Shares of NYSE FSS opened at $77.18 on Monday. The firm has a market capitalization of $4.72 billion, a PE ratio of 22.37, a P/E/G ratio of 1.85 and a beta of 1.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. Federal Signal Co. has a 1-year low of $75.20 and a 1-year high of $102.18. The business’s fifty day moving average price is $92.22 and its two-hundred day moving average price is $91.70.

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

Federal Signal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. Federal Signal’s dividend payout ratio (DPR) is 15.95%.

Insider Transactions at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman acquired 1,250 shares of the business’s stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.10% of the stock is owned by insiders.

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.