Teton Advisors Inc. Lowers Holdings in Federal Signal Co. (NYSE:FSS)

Teton Advisors Inc. lessened its holdings in Federal Signal Co. (NYSE:FSS) by 34.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,500 shares of the conglomerate’s stock after selling 4,000 shares during the period. Teton Advisors Inc.’s holdings in Federal Signal were worth $693,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in Federal Signal in the third quarter valued at approximately $46,000. Signaturefd LLC lifted its holdings in shares of Federal Signal by 37.4% during the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock worth $56,000 after acquiring an additional 165 shares during the last quarter. Mather Group LLC. grew its position in Federal Signal by 20.1% in the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock worth $82,000 after acquiring an additional 149 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Federal Signal by 15.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate’s stock valued at $124,000 after acquiring an additional 181 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Federal Signal by 182.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate’s stock valued at $127,000 after purchasing an additional 891 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Federal Signal Price Performance

FSS stock opened at $76.27 on Tuesday. Federal Signal Co. has a 1 year low of $66.47 and a 1 year high of $102.18. The firm has a 50-day moving average of $82.42 and a 200 day moving average of $89.45. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The company has a market cap of $4.66 billion, a P/E ratio of 22.11, a PEG ratio of 1.85 and a beta of 1.11.

Federal Signal (NYSE:FSS) last announced its 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 business had revenue of $472.00 million during the quarter, compared to the consensus estimate of $481.90 million. On average, sell-side analysts forecast that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Increases Dividend

The firm 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. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. Federal Signal’s dividend payout ratio (DPR) is 15.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FSS shares. StockNews.com cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Raymond James lowered their target price on Federal Signal from $105.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday.

Insider Buying and Selling

In related news, CEO Jennifer L. Sherman acquired 1,250 shares of the firm’s stock in a transaction dated 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 purchase, the chief executive officer now directly owns 559,183 shares of the company’s stock, valued at $46,031,944.56. This represents 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 currently 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.