Integrated Quantitative Investments LLC Invests $1.28 Million in Federal Signal Co. (NYSE:FSS)

Integrated Quantitative Investments LLC purchased a new position in shares of Federal Signal Co. (NYSE:FSS) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 13,800 shares of the conglomerate’s stock, valued at approximately $1,275,000.

A number of other large investors have also recently bought and sold shares of the business. Barclays PLC boosted its stake in shares of Federal Signal by 338.7% during the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock worth $13,569,000 after buying an additional 112,092 shares during the period. First Hawaiian Bank lifted its position in Federal Signal by 520.7% during the 4th quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate’s stock worth $1,640,000 after acquiring an additional 14,891 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Federal Signal by 17.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate’s stock valued at $14,246,000 after purchasing an additional 22,821 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Federal Signal by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate’s stock valued at $72,112,000 after purchasing an additional 11,466 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Federal Signal by 84.1% during the fourth quarter. Victory Capital Management Inc. now owns 219,147 shares of the conglomerate’s stock worth $20,247,000 after purchasing an additional 100,135 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insider Activity at Federal Signal

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased 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 of the company’s stock, valued at $46,031,944.56. This trade represents a 0.22 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 3.30% of the stock is owned by corporate insiders.

Federal Signal Stock Performance

Shares of FSS opened at $73.01 on Friday. The company has a 50-day simple moving average of $86.86 and a 200-day simple moving average of $90.59. The company has a market capitalization of $4.46 billion, a PE ratio of 21.16, a P/E/G ratio of 1.85 and a beta of 1.02. 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 Co. has a 52-week low of $72.08 and a 52-week high of $102.18.

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 during the quarter, compared to analysts’ expectations of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Equities research analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The business 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 an increase from Federal Signal’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Friday, March 14th. Federal Signal’s payout ratio is currently 15.95%.

Analyst Upgrades and Downgrades

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

Federal Signal 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.