Townsquare Capital LLC Buys New Stake in Federal Signal Co. (NYSE:FSS)

Townsquare Capital LLC purchased a new position in shares of Federal Signal Co. (NYSE:FSS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,566 shares of the conglomerate’s stock, valued at approximately $976,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. California Public Employees Retirement System lifted its holdings in Federal Signal by 0.6% during the 4th quarter. California Public Employees Retirement System now owns 89,654 shares of the conglomerate’s stock worth $8,283,000 after buying an additional 514 shares in the last quarter. Barclays PLC increased its position in shares of Federal Signal by 338.7% during the third 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 raised its stake 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 valued at $1,640,000 after acquiring an additional 14,891 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Federal Signal by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate’s stock valued at $72,112,000 after purchasing an additional 11,466 shares during the period. Finally, Victory Capital Management Inc. grew its stake in Federal Signal by 84.1% during the 4th quarter. Victory Capital Management Inc. now owns 219,147 shares of the conglomerate’s stock worth $20,247,000 after purchasing an additional 100,135 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Federal Signal Stock Up 0.2 %

Shares of NYSE FSS opened at $75.14 on Friday. Federal Signal Co. has a 1 year low of $66.47 and a 1 year high of $102.18. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11. 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 business has a 50-day moving average of $80.60 and a two-hundred day moving average of $89.01.

Federal Signal (NYSE:FSS) last posted its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS 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 firm had revenue of $472.00 million for the quarter, compared to the consensus estimate of $481.90 million. On average, analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were paid a $0.14 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a yield of 0.75%. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. Federal Signal’s payout ratio is currently 15.95%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FSS. Raymond James decreased their price objective on Federal Signal from $105.00 to $100.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. StockNews.com cut shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st.

Insider Activity

In other Federal Signal news, CEO Jennifer L. Sherman bought 1,250 shares of the firm’s stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the purchase, the chief executive officer now owns 559,183 shares of the company’s stock, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.30% of the company’s stock.

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.