5,627 Shares in Federal Signal Co. (NYSE:FSS) Acquired by Cibc World Markets Corp

Cibc World Markets Corp bought a new position in shares of Federal Signal Co. (NYSE:FSS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,627 shares of the conglomerate’s stock, valued at approximately $520,000.

A number of other hedge funds have also recently bought and sold shares of FSS. Quarry LP boosted its position in Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after acquiring an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Federal Signal during the third quarter worth approximately $46,000. Millburn Ridgefield Corp acquired a new stake in Federal Signal during the third quarter worth approximately $70,000. Mather Group LLC. boosted its position in Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock worth $82,000 after acquiring an additional 149 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in Federal Signal by 15.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate’s stock worth $124,000 after acquiring an additional 181 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FSS shares. StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Raymond James reiterated an “outperform” rating and issued a $110.00 price target on shares of Federal Signal in a report on Tuesday, December 24th.

Federal Signal Stock Down 0.8 %

Shares of FSS opened at $75.26 on Friday. The firm has a market cap of $4.60 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02. The company’s fifty day moving average is $90.64 and its two-hundred day moving average is $91.15. Federal Signal Co. has a fifty-two week low of $74.23 and a fifty-two week high of $102.18. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.

Federal Signal (NYSE:FSS) last issued 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 business had revenue of $472.00 million for the quarter, compared to the consensus estimate of $481.90 million. Analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Federal Signal’s previous quarterly dividend of $0.12. Federal Signal’s dividend payout ratio (DPR) is currently 15.95%.

Federal Signal Company 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.