Alliancebernstein L.P. Buys 836 Shares of Federal Signal Co. (NYSE:FSS)

Alliancebernstein L.P. raised its stake in shares of Federal Signal Co. (NYSE:FSS) by 1.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 78,063 shares of the conglomerate’s stock after purchasing an additional 836 shares during the quarter. Alliancebernstein L.P.’s holdings in Federal Signal were worth $7,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mather Group LLC. grew its holdings in shares of Federal Signal by 20.1% in the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock valued at $82,000 after buying an additional 149 shares during the period. Arizona State Retirement System lifted its holdings in Federal Signal by 0.9% during the fourth quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate’s stock worth $1,640,000 after acquiring an additional 152 shares in the last quarter. Albion Financial Group UT grew its stake in Federal Signal by 1.3% in the fourth quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate’s stock valued at $1,120,000 after acquiring an additional 153 shares during the period. Signaturefd LLC increased its holdings in shares of Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock worth $56,000 after acquiring an additional 165 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of 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 purchasing an additional 181 shares during the period. 92.73% of the stock is owned by institutional investors.

Federal Signal Price Performance

Shares of FSS opened at $76.19 on Friday. The company’s 50-day moving average is $82.85 and its 200-day moving average is $89.59. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The firm has a market capitalization of $4.65 billion, a PE ratio of 22.08, a PEG ratio of 1.85 and a beta of 1.11. Federal Signal Co. has a fifty-two week low of $66.47 and a fifty-two week high of $102.18.

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

Federal Signal Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a dividend of $0.14 per share. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, March 14th. This represents a $0.56 annualized dividend and a yield of 0.74%. Federal Signal’s dividend payout ratio is currently 15.95%.

Analysts Set New Price Targets

FSS has been the subject of a number of research analyst reports. Raymond James reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Federal Signal in a research note on Tuesday, December 24th. StockNews.com lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st.

Insiders Place Their Bets

In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were bought at an average price of $82.32 per share, for a total transaction 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. This trade represents a 0.22 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

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.