Federal Signal Co. (NYSE:FSS) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its holdings in shares of Federal Signal Co. (NYSE:FSS) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,577 shares of the conglomerate’s stock after selling 2,773 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.05% of Federal Signal worth $3,010,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FSS. Quarry LP boosted its stake in shares of Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after buying an additional 183 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Federal Signal in the third quarter valued at $46,000. Millburn Ridgefield Corp purchased a new stake in shares of Federal Signal during the 3rd quarter worth $70,000. Mather Group LLC. grew its stake in shares of Federal Signal by 20.1% during the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock worth $82,000 after purchasing an additional 149 shares during the period. Finally, Archer Investment Corp increased its holdings in shares of Federal Signal by 33.9% in the 3rd quarter. Archer Investment Corp now owns 1,580 shares of the conglomerate’s stock valued at $148,000 after purchasing an additional 400 shares in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Price Performance

Federal Signal stock opened at $81.88 on Friday. The firm has a market capitalization of $5.00 billion, a PE ratio of 23.73, a P/E/G ratio of 1.85 and a beta of 1.01. Federal Signal Co. has a 52 week low of $76.85 and a 52 week high of $102.18. The firm’s 50-day simple moving average is $95.14 and its 200 day simple moving average is $92.79. 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 (NYSE:FSS) last announced its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company had revenue of $472.00 million for the quarter, compared to the consensus estimate of $481.90 million. On average, equities research analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The business 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. This is an increase from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, March 14th. This represents a $0.56 annualized dividend and a yield of 0.68%. Federal Signal’s dividend payout ratio (DPR) is presently 16.23%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FSS. Raymond James reissued an “outperform” rating and set a $110.00 price objective on shares of Federal Signal in a report on Tuesday, December 24th. DA Davidson decreased their price target on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Finally, StockNews.com raised Federal Signal from a “hold” rating to a “buy” rating in a research note on Friday, February 21st.

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.