Cavalier Investments LLC Grows Position in Federal Signal Co. (NYSE:FSS)

Cavalier Investments LLC increased its position in shares of Federal Signal Co. (NYSE:FSS) by 4.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,810 shares of the conglomerate’s stock after purchasing an additional 432 shares during the period. Cavalier Investments LLC’s holdings in Federal Signal were worth $999,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FSS. Bank of New York Mellon Corp boosted its position in Federal Signal by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 502,173 shares of the conglomerate’s stock valued at $46,396,000 after buying an additional 36,616 shares during the period. Pembroke Management LTD boosted its position in Federal Signal by 26.6% in the 4th quarter. Pembroke Management LTD now owns 280,016 shares of the conglomerate’s stock valued at $25,871,000 after buying an additional 58,756 shares during the period. Truist Financial Corp boosted its position in Federal Signal by 3.0% in the 4th quarter. Truist Financial Corp now owns 45,249 shares of the conglomerate’s stock valued at $4,181,000 after buying an additional 1,314 shares during the period. Principal Financial Group Inc. boosted its position in Federal Signal by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 323,556 shares of the conglomerate’s stock valued at $29,893,000 after buying an additional 11,386 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its position in Federal Signal by 5.8% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 22,979 shares of the conglomerate’s stock valued at $2,123,000 after buying an additional 1,257 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Price Performance

Shares of FSS opened at $90.69 on Wednesday. The company has a 50 day moving average price of $95.70 and a 200-day moving average price of $92.99. Federal Signal Co. has a fifty-two week low of $76.85 and a fifty-two week high of $102.18. The stock has a market capitalization of $5.54 billion, a PE ratio of 26.29, a PEG ratio of 1.85 and a beta of 1.01. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Friday, March 14th. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. Federal Signal’s payout ratio is 13.91%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FSS. Raymond James reissued 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 raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Finally, DA Davidson lowered their price target on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th.

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.