Blair William & Co. IL Buys 22,340 Shares of Federal Signal Co. (NYSE:FSS)

Blair William & Co. IL grew its stake in shares of Federal Signal Co. (NYSE:FSS) by 145.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,664 shares of the conglomerate’s stock after buying an additional 22,340 shares during the period. Blair William & Co. IL owned 0.06% of Federal Signal worth $3,480,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC increased its holdings in Federal Signal by 338.7% during the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock worth $13,569,000 after acquiring an additional 112,092 shares during the period. First Hawaiian Bank increased its holdings in shares of Federal Signal by 520.7% in the fourth quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate’s stock worth $1,640,000 after purchasing an additional 14,891 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Federal Signal by 17.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate’s stock worth $14,246,000 after buying an additional 22,821 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Federal Signal by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate’s stock valued at $72,112,000 after buying an additional 11,466 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in Federal Signal by 84.1% during the fourth quarter. Victory Capital Management Inc. now owns 219,147 shares of the conglomerate’s stock valued at $20,247,000 after buying an additional 100,135 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FSS has been the topic of several recent analyst reports. StockNews.com cut Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Raymond James reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Federal Signal in a research note on Tuesday, December 24th.

Federal Signal Stock Down 2.2 %

FSS opened at $73.51 on Tuesday. The business’s fifty day simple moving average is $88.34 and its 200 day simple moving average is $90.89. Federal Signal Co. has a 52 week low of $73.05 and a 52 week high of $102.18. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The stock has a market cap of $4.49 billion, a PE ratio of 21.31, a P/E/G ratio of 1.85 and a beta of 1.02.

Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. The firm had revenue of $472.00 million for the quarter, compared to analyst estimates of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. As a group, research analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.76%. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, March 14th. Federal Signal’s payout ratio is presently 15.95%.

Insider Activity

In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the stock in a transaction on Friday, February 28th. The stock was acquired 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. This trade represents a 0.22 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.30% of the stock is owned by corporate insiders.

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.