Van Berkom & Associates Inc. lifted its stake in shares of Federal Signal Corporation (NYSE:FSS – Free Report) by 16.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 741,187 shares of the conglomerate’s stock after acquiring an additional 104,213 shares during the quarter. Federal Signal comprises about 2.3% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 21st biggest holding. Van Berkom & Associates Inc. owned 1.22% of Federal Signal worth $80,485,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of 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 acquiring an additional 142 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of Federal Signal by 3,100.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 248 shares during the period. CoreCap Advisors LLC increased its stake in shares of Federal Signal by 50.0% during the third quarter. CoreCap Advisors LLC now owns 300 shares of the conglomerate’s stock valued at $36,000 after acquiring an additional 100 shares during the period. Salomon & Ludwin LLC acquired a new position in shares of Federal Signal during the third quarter valued at approximately $39,000. Finally, Danske Bank A S acquired a new position in shares of Federal Signal during the third quarter valued at approximately $48,000. Institutional investors and hedge funds own 92.73% of the company’s stock.
Federal Signal Trading Down 3.3%
Federal Signal stock opened at $117.61 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. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 1.77 and a beta of 1.32. Federal Signal Corporation has a 1 year low of $85.31 and a 1 year high of $132.89. The firm’s 50 day moving average price is $112.42 and its two-hundred day moving average price is $113.52.
Federal Signal Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.15 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.60 annualized dividend and a yield of 0.5%. Federal Signal’s payout ratio is 13.64%.
Analyst Upgrades and Downgrades
FSS has been the topic of a number of research analyst reports. CJS Securities upgraded shares of Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price objective on the stock in a research note on Thursday, February 26th. Wall Street Zen upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson raised their price objective on shares of Federal Signal from $125.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday. Finally, KeyCorp reiterated an “overweight” rating and set a $140.00 price objective on shares of Federal Signal in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $139.25.
Get Our Latest Stock Analysis on Federal Signal
Federal Signal Company 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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