Cynosure Group LLC Cuts Position in Federal Signal Co. (NYSE:FSS)

Cynosure Group LLC lowered its position in shares of Federal Signal Co. (NYSE:FSS) by 17.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,276 shares of the conglomerate’s stock after selling 684 shares during the quarter. Cynosure Group LLC’s holdings in Federal Signal were worth $303,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FSS. Quarry LP lifted 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 buying an additional 183 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Federal Signal during the 3rd quarter worth $46,000. Signaturefd LLC increased its holdings in Federal Signal by 37.4% in the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock valued at $56,000 after purchasing an additional 165 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in shares of Federal Signal during the third quarter worth about $70,000. Finally, Mather Group LLC. raised 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 buying an additional 149 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FSS shares. Raymond James reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a research report on Tuesday, December 24th. StockNews.com cut Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st.

Federal Signal Trading Up 2.9 %

Federal Signal stock opened at $77.22 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. Federal Signal Co. has a 1 year low of $69.96 and a 1 year high of $102.18. The firm’s 50-day moving average is $87.42 and its 200-day moving average is $90.71. The company has a market cap of $4.72 billion, a P/E ratio of 22.38, a PEG ratio of 1.85 and a beta of 1.02.

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, hitting analysts’ consensus estimates of $0.87. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business had revenue of $472.00 million for the quarter, compared to analysts’ expectations of $481.90 million. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a $0.14 dividend. The ex-dividend date was Friday, March 14th. This is an increase from Federal Signal’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.73%. Federal Signal’s dividend payout ratio (DPR) is currently 15.95%.

Insiders Place Their Bets

In other Federal Signal news, CEO Jennifer L. Sherman bought 1,250 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the transaction, the chief executive officer now directly owns 559,183 shares in the company, valued at $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.30% of the stock is owned by insiders.

About Federal Signal

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.