Federal Signal Co. (NYSE:FSS) Shares Sold by Homestead Advisers Corp

Homestead Advisers Corp trimmed its stake in Federal Signal Co. (NYSE:FSS) by 5.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 92,094 shares of the conglomerate’s stock after selling 5,500 shares during the period. Homestead Advisers Corp owned about 0.15% of Federal Signal worth $8,509,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of FSS. Quarry LP lifted its holdings in Federal Signal by 73.5% during the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after buying an additional 183 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Federal Signal in the third quarter valued at $46,000. Signaturefd LLC grew its stake in Federal Signal by 37.4% during the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock worth $56,000 after purchasing an additional 165 shares in the last quarter. Millburn Ridgefield Corp purchased a new stake in Federal Signal during the 3rd quarter worth about $70,000. Finally, Mather Group LLC. raised its position in Federal Signal by 20.1% in 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. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Federal Signal Stock Up 0.4 %

FSS stock opened at $79.42 on Thursday. The stock has a market cap of $4.85 billion, a P/E ratio of 23.02, a PEG ratio of 1.85 and a beta of 1.02. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a twelve month low of $74.23 and a twelve month high of $102.18. The company’s 50 day moving average is $89.62 and its two-hundred day moving average is $91.02.

Federal Signal (NYSE:FSS) last announced 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 net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $481.90 million. Research analysts expect 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. Shareholders of record on Friday, March 14th will be paid a $0.14 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a yield of 0.71%. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. Federal Signal’s payout ratio is currently 15.95%.

Analysts Set New Price Targets

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

Insider Transactions at Federal Signal

In related news, CEO Jennifer L. Sherman purchased 1,250 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of $82.32 per share, with a total value 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 $46,031,944.56. This represents a 0.22 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.30% of the company’s stock.

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.