Natixis Advisors LLC decreased its holdings in shares of Federal Signal Corporation (NYSE:FSS – Free Report) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,582 shares of the conglomerate’s stock after selling 5,284 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Federal Signal worth $4,298,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the business. New Age Alpha Advisors LLC grew its position in shares of Federal Signal by 3.4% during the 4th quarter. New Age Alpha Advisors LLC now owns 2,895 shares of the conglomerate’s stock worth $314,000 after buying an additional 95 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Federal Signal by 10.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,100 shares of the conglomerate’s stock worth $117,000 after buying an additional 100 shares during the period. Smartleaf Asset Management LLC grew its holdings in Federal Signal by 9.5% during the second quarter. Smartleaf Asset Management LLC now owns 1,245 shares of the conglomerate’s stock valued at $130,000 after purchasing an additional 108 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Federal Signal by 140.6% during the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock valued at $26,000 after purchasing an additional 142 shares during the period. Finally, Covestor Ltd grew its holdings in Federal Signal by 118.0% during the fourth quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 151 shares during the period. Institutional investors and hedge funds own 92.73% of the company’s stock.
Federal Signal Stock Performance
Shares of FSS opened at $106.86 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 2.84. Federal Signal Corporation has a twelve month low of $97.25 and a twelve month high of $132.89. The firm’s 50 day moving average price is $113.07 and its two-hundred day moving average price is $112.82. The firm has a market cap of $6.52 billion, a P/E ratio of 24.29, a PEG ratio of 1.54 and a beta of 1.26.
Federal Signal Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.60 dividend on an annualized basis and a yield of 0.6%. Federal Signal’s payout ratio is presently 13.64%.
Wall Street Analysts Forecast Growth
FSS has been the subject of a number of analyst reports. Weiss Ratings cut shares of Federal Signal from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. DA Davidson boosted their price objective on shares of Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, May 1st. CJS Securities upgraded shares of Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price objective for the company in a report on Thursday, February 26th. KeyCorp restated an “overweight” rating and set a $140.00 price objective on shares of Federal Signal in a report on Thursday, April 30th. Finally, Zacks Research upgraded shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $139.25.
Get Our Latest Stock Report on Federal Signal
Federal Signal Profile
Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.
Federal Signal operates through two primary business segments.
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