Eagle Asset Management Inc. reduced its holdings in shares of Federal Signal Co. (NYSE:FSS) by 20.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 250,394 shares of the conglomerate’s stock after selling 65,983 shares during the period. Eagle Asset Management Inc. owned 0.42% of Federal Signal worth $5,030,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Voya Investment Management LLC grew its holdings in Federal Signal by 8.4% during the 2nd quarter. Voya Investment Management LLC now owns 30,158 shares of the conglomerate’s stock worth $524,000 after acquiring an additional 2,338 shares during the period. American International Group Inc. boosted its position in shares of Federal Signal by 5.8% during the 3rd quarter. American International Group Inc. now owns 46,850 shares of the conglomerate’s stock worth $997,000 after purchasing an additional 2,556 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Federal Signal by 4.4% during the 3rd quarter. Nationwide Fund Advisors now owns 98,419 shares of the conglomerate’s stock worth $2,094,000 after purchasing an additional 4,124 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Federal Signal by 1.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 329,072 shares of the conglomerate’s stock worth $7,004,000 after purchasing an additional 5,260 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Federal Signal during the 3rd quarter worth about $120,000. Hedge funds and other institutional investors own 84.88% of the company’s stock.
A number of equities analysts have recently issued reports on FSS shares. Zacks Investment Research raised shares of Federal Signal from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Monday, November 6th. ValuEngine cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Sidoti started coverage on shares of Federal Signal in a research report on Tuesday. They set a “neutral” rating on the stock. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Federal Signal presently has a consensus rating of “Buy” and an average target price of $21.00.
Federal Signal Co. (NYSE:FSS) opened at $19.57 on Friday. The stock has a market cap of $1,170.29, a PE ratio of 25.34 and a beta of 1.27. The company has a current ratio of 2.37, a quick ratio of 1.23 and a debt-to-equity ratio of 0.67. Federal Signal Co. has a 1 year low of $13.07 and a 1 year high of $23.64.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Monday, March 5th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, March 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.43%. Federal Signal’s dividend payout ratio (DPR) is presently 38.36%.
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About Federal Signal
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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