Federal Signal Co. (NYSE:FSS) Shares Sold by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. lowered its position in Federal Signal Co. (NYSE:FSS) by 35.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 391,713 shares of the conglomerate’s stock after selling 210,900 shares during the period. Federal Signal makes up approximately 2.6% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 15th largest holding. Global Alpha Capital Management Ltd. owned 0.64% of Federal Signal worth $36,190,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FSS. Quarry LP raised its position in Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after acquiring an additional 183 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Federal Signal during the 3rd quarter worth approximately $46,000. Millburn Ridgefield Corp purchased a new position in shares of Federal Signal during the 3rd quarter valued at approximately $70,000. Mather Group LLC. increased its holdings in shares of Federal Signal by 20.1% during the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock valued at $82,000 after purchasing an additional 149 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Federal Signal by 15.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate’s stock valued at $124,000 after purchasing an additional 181 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Trading Up 1.2 %

Shares of NYSE:FSS opened at $80.58 on Friday. The business’s 50 day moving average price is $93.67 and its 200-day moving average price is $92.21. Federal Signal Co. has a 1 year low of $76.85 and a 1 year high of $102.18. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth 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 (NYSE:FSS) last posted its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87. The business had revenue of $472.00 million for the quarter, compared to the consensus estimate of $481.90 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. On average, equities research analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

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 issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.69%. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, March 14th. Federal Signal’s payout ratio is presently 15.95%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the stock in a transaction dated Friday, February 28th. The shares were purchased at an average cost of $82.32 per share, with a total value of $102,900.00. Following the completion of the purchase, the chief executive officer now directly owns 559,183 shares of the company’s stock, valued at approximately $46,031,944.56. The trade was a 0.22 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.10% of the stock is owned by company 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.