Edgestream Partners L.P. Purchases 77,888 Shares of Federal Signal Co. (NYSE:FSS)

Edgestream Partners L.P. raised its position in Federal Signal Co. (NYSE:FSS) by 481.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,077 shares of the conglomerate’s stock after buying an additional 77,888 shares during the period. Federal Signal accounts for about 0.4% of Edgestream Partners L.P.’s investment portfolio, making the stock its 25th biggest position. Edgestream Partners L.P. owned 0.15% of Federal Signal worth $8,692,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Federal Signal in the fourth quarter valued at about $36,636,000. ArrowMark Colorado Holdings LLC acquired a new stake in Federal Signal in the 3rd quarter valued at about $28,863,000. Geode Capital Management LLC raised its stake in shares of Federal Signal by 17.6% in the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after acquiring an additional 239,789 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Federal Signal by 26.7% during the third quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock worth $59,523,000 after purchasing an additional 134,457 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Federal Signal by 338.7% during the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock valued at $13,569,000 after purchasing an additional 112,092 shares during the last quarter. 92.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on FSS shares. Raymond James restated 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 lowered Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st.

Insider Transactions at Federal Signal

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of Federal Signal stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $82.32 per share, with a total value of $102,900.00. Following the completion of the transaction, the chief executive officer now directly owns 559,183 shares in the company, valued at $46,031,944.56. This trade represents a 0.22 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.10% of the company’s stock.

Federal Signal Trading Down 1.6 %

FSS opened at $79.61 on Friday. The firm has a 50 day simple moving average of $93.91 and a 200 day simple moving average of $92.31. Federal Signal Co. has a fifty-two week low of $76.85 and a fifty-two week high of $102.18. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 23.07, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01. 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 issued its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting the consensus estimate of $0.87. The company had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $481.90 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. On average, sell-side analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.14 per share. The ex-dividend date is Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a yield of 0.70%. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. Federal Signal’s dividend payout ratio (DPR) is 15.95%.

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.