Quantbot Technologies LP Cuts Stock Holdings in Federal Signal Co. (NYSE:FSS)

Quantbot Technologies LP lessened its holdings in Federal Signal Co. (NYSE:FSS) by 37.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,566 shares of the conglomerate’s stock after selling 5,054 shares during the quarter. Quantbot Technologies LP’s holdings in Federal Signal were worth $791,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FSS. Raymond James Financial Inc. acquired a new stake in shares of Federal Signal in the 4th quarter valued at approximately $36,636,000. ArrowMark Colorado Holdings LLC acquired a new position in Federal Signal during the third quarter worth $28,863,000. Geode Capital Management LLC lifted its holdings in Federal Signal by 17.6% in the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock valued at $149,727,000 after acquiring an additional 239,789 shares during the period. Franklin Resources Inc. lifted its holdings in Federal Signal by 26.7% in the third quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock valued at $59,523,000 after acquiring an additional 134,457 shares during the period. Finally, Barclays PLC boosted its position in shares of 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 purchasing an additional 112,092 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on FSS. Raymond James reiterated an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a research note 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.

Insider Activity at Federal Signal

In related news, CEO Jennifer L. Sherman purchased 1,250 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $82.32 per share, with a total value of $102,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 559,183 shares in the company, valued at $46,031,944.56. The trade was a 0.22 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.30% of the stock is owned by corporate insiders.

Federal Signal Trading Up 0.4 %

Shares of FSS stock opened at $79.42 on Thursday. The stock has a market cap of $4.85 billion, a P/E ratio of 23.02, 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 fifty-two week low of $74.23 and a fifty-two week high of $102.18. The business has a fifty day simple moving average of $89.62 and a 200-day simple moving average of $91.02.

Federal Signal (NYSE:FSS) last posted its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, meeting the consensus estimate of $0.87. The firm had revenue of $472.00 million during 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%. On average, analysts forecast 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 will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be 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 0.71%. The ex-dividend date of this dividend is Friday, March 14th. Federal Signal’s payout ratio 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.