F M Investments LLC Sells 66,838 Shares of Federal Signal Co. (NYSE:FSS)

F M Investments LLC trimmed its position in Federal Signal Co. (NYSE:FSS) by 50.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,150 shares of the conglomerate’s stock after selling 66,838 shares during the quarter. F M Investments LLC’s holdings in Federal Signal were worth $6,019,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FSS. Verition Fund Management LLC purchased a new stake in shares of Federal Signal during the 3rd quarter worth approximately $495,000. HighTower Advisors LLC raised its stake in Federal Signal by 5.8% in the third quarter. HighTower Advisors LLC now owns 35,701 shares of the conglomerate’s stock worth $3,327,000 after buying an additional 1,972 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Federal Signal by 18.7% in the 3rd quarter. Janus Henderson Group PLC now owns 50,129 shares of the conglomerate’s stock valued at $4,686,000 after buying an additional 7,891 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Federal Signal by 133.3% during the 3rd quarter. Point72 Asset Management L.P. now owns 8,400 shares of the conglomerate’s stock worth $785,000 after acquiring an additional 4,800 shares during the period. Finally, Quarry LP boosted its stake in shares of Federal Signal by 73.5% in the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after buying an additional 183 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insider Buying and Selling at Federal Signal

In related news, CEO Jennifer L. Sherman bought 1,250 shares of the company’s stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $82.32 per share, with a total value of $102,900.00. Following the transaction, the chief executive officer now owns 559,183 shares of the company’s stock, valued at $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is owned by corporate insiders.

Federal Signal Stock Performance

NYSE FSS opened at $76.66 on Thursday. Federal Signal Co. has a 52-week low of $66.47 and a 52-week high of $102.18. The firm has a 50-day moving average of $83.72 and a 200-day moving average of $89.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The stock has a market cap of $4.68 billion, a PE ratio of 22.22, a P/E/G ratio of 1.85 and a beta of 1.11.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, hitting analysts’ consensus estimates of $0.87. The firm had revenue of $472.00 million during 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%. On average, sell-side analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. Federal Signal’s dividend payout ratio (DPR) is 15.95%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. 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 downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st.

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.