Dudley & Shanley Inc. boosted its holdings in Federal Signal Corporation (NYSE:FSS – Free Report) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 174,050 shares of the conglomerate’s stock after acquiring an additional 4,765 shares during the quarter. Federal Signal accounts for about 3.1% of Dudley & Shanley Inc.’s investment portfolio, making the stock its 17th largest position. Dudley & Shanley Inc.’s holdings in Federal Signal were worth $19,283,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Palladiem LLC bought a new stake in shares of Federal Signal during the 4th quarter worth $27,000. Physician Wealth Advisors Inc. lifted its stake in Federal Signal by 57.2% during the first quarter. Physician Wealth Advisors Inc. now owns 250 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 91 shares during the last quarter. Allworth Financial LP purchased a new stake in Federal Signal in the second quarter worth approximately $33,000. Ancora Advisors LLC purchased a new stake in shares of Federal Signal in the 2nd quarter valued at $34,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Federal Signal by 44.3% during the first quarter. EverSource Wealth Advisors LLC now owns 417 shares of the conglomerate’s stock valued at $45,000 after buying an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.
Federal Signal Trading Up 1.1%
Shares of NYSE:FSS traded up $1.28 during trading hours on Tuesday, hitting $117.71. 87,842 shares of the company’s stock traded hands, compared to its average volume of 469,305. The firm has a market capitalization of $7.19 billion, a P/E ratio of 25.37, a price-to-earnings-growth ratio of 1.59 and a beta of 1.23. The business has a fifty day moving average price of $119.26 and a 200-day moving average price of $116.54. Federal Signal Corporation has a 1 year low of $101.18 and a 1 year high of $134.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.74 and a quick ratio of 1.21.
Federal Signal Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Friday, August 14th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, August 14th. Federal Signal’s dividend payout ratio is 12.93%.
Insider Buying and Selling
In related news, VP Diane Bonina sold 14,856 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $130.44, for a total transaction of $1,937,816.64. Following the completion of the transaction, the vice president owned 15,689 shares of the company’s stock, valued at $2,046,473.16. This trade represents a 48.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.30% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research cut shares of Federal Signal from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. Citigroup began coverage on Federal Signal in a research report on Monday, August 17th. They issued a “buy” rating and a $150.00 target price for the company. Finally, Weiss Ratings downgraded Federal Signal from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.50.
Get Our Latest Analysis on FSS
Federal Signal Profile
Federal Signal Corporation is a manufacturer of environmental and safety solutions serving municipalities, government agencies, industrial customers and commercial organizations. The company designs and produces equipment used to maintain infrastructure, manage environmental services and improve public and workplace safety.
Its Environmental Solutions Group offers street sweepers, sewer cleaners, vacuum trucks, hydro-excavation equipment and related products for street, sewer and infrastructure maintenance.
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