Advisors Asset Management Inc. Has $3.89 Million Stock Position in Federal Signal Co. (NYSE:FSS)

Advisors Asset Management Inc. lowered its stake in shares of Federal Signal Co. (NYSE:FSS) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,058 shares of the conglomerate’s stock after selling 250 shares during the quarter. Advisors Asset Management Inc.’s holdings in Federal Signal were worth $3,886,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FSS. Raymond James Financial Inc. bought a new stake in Federal Signal during the 4th quarter worth about $36,636,000. ArrowMark Colorado Holdings LLC bought a new stake in Federal Signal during the 3rd quarter worth about $28,863,000. Geode Capital Management LLC grew its holdings in Federal Signal by 17.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after acquiring an additional 239,789 shares during the last quarter. Franklin Resources Inc. grew its holdings in Federal Signal by 26.7% during the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock worth $59,523,000 after acquiring an additional 134,457 shares during the last quarter. Finally, Barclays PLC grew its holdings in Federal Signal by 338.7% during the 3rd 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 last quarter. Institutional investors own 92.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FSS. Raymond James reissued an “outperform” rating and set a $110.00 price objective on shares of Federal Signal in a report on Tuesday, December 24th. StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st.

Federal Signal Stock Down 2.6 %

Shares of NYSE FSS opened at $75.80 on Friday. The firm has a market capitalization of $4.63 billion, a PE ratio of 21.97, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 1 year low of $75.20 and a 1 year high of $102.18. The firm’s 50-day moving average is $91.00 and its 200-day moving average is $91.27.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.87. The business had revenue of $472.00 million for the quarter, compared to the consensus estimate of $481.90 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. Equities analysts expect that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Increases Dividend

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

Insider Activity at Federal Signal

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the transaction, the chief executive officer now directly owns 559,183 shares of the company’s stock, valued at approximately $46,031,944.56. The trade was a 0.22 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 3.10% of the stock is currently owned by corporate insiders.

About Federal Signal

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.