Swiss National Bank Has $11.11 Million Stock Position in Federal Signal Co. (NYSE:FSS)

Swiss National Bank grew its position in Federal Signal Co. (NYSE:FSS) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 120,200 shares of the conglomerate’s stock after buying an additional 900 shares during the period. Swiss National Bank owned 0.20% of Federal Signal worth $11,105,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FSS. Victory Capital Management Inc. increased its stake in shares of Federal Signal by 299.5% in the 3rd quarter. Victory Capital Management Inc. now owns 119,012 shares of the conglomerate’s stock valued at $11,123,000 after buying an additional 89,225 shares during the period. KBC Group NV increased its stake in shares of Federal Signal by 20.9% in the 3rd quarter. KBC Group NV now owns 1,796 shares of the conglomerate’s stock valued at $168,000 after buying an additional 311 shares during the period. Moran Wealth Management LLC increased its stake in shares of Federal Signal by 4.9% in the 3rd quarter. Moran Wealth Management LLC now owns 43,119 shares of the conglomerate’s stock valued at $4,030,000 after buying an additional 2,011 shares during the period. Intech Investment Management LLC increased its stake in shares of Federal Signal by 44.4% in the 3rd quarter. Intech Investment Management LLC now owns 32,939 shares of the conglomerate’s stock valued at $3,078,000 after buying an additional 10,134 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Federal Signal by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock worth $71,875,000 after purchasing an additional 31,517 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 559,183 shares in the company, valued at approximately $46,031,944.56. This trade represents a 0.22 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.10% of the company’s stock.

Federal Signal Stock Down 2.6 %

NYSE:FSS opened at $75.80 on Friday. Federal Signal Co. has a 1 year low of $75.20 and a 1 year 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 stock has a market cap of $4.63 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.85 and a beta of 1.02. The stock has a 50-day moving average price of $91.00 and a two-hundred day moving average price of $91.27.

Federal Signal (NYSE:FSS) last posted its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) 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 firm had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $481.90 million. As a group, equities analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, March 14th. Federal Signal’s payout ratio is 15.95%.

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.