Steward Partners Investment Advisory LLC Has $124,000 Holdings in Federal Signal Co. (NYSE:FSS)

Steward Partners Investment Advisory LLC increased its position in shares of Federal Signal Co. (NYSE:FSS) by 15.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,343 shares of the conglomerate’s stock after purchasing an additional 181 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Federal Signal were worth $124,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in shares of Federal Signal by 182.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate’s stock valued at $127,000 after acquiring an additional 891 shares during the period. Illumine Investment Management LLC acquired a new position in shares of Federal Signal in the fourth quarter valued at approximately $537,000. Cavalier Investments LLC boosted its holdings in Federal Signal by 4.2% in the fourth quarter. Cavalier Investments LLC now owns 10,810 shares of the conglomerate’s stock valued at $999,000 after acquiring an additional 432 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Federal Signal by 7.9% during the 4th quarter. Bank of New York Mellon Corp now owns 502,173 shares of the conglomerate’s stock worth $46,396,000 after buying an additional 36,616 shares in the last quarter. Finally, Pembroke Management LTD boosted its holdings in shares of Federal Signal by 26.6% during the 4th quarter. Pembroke Management LTD now owns 280,016 shares of the conglomerate’s stock worth $25,871,000 after buying an additional 58,756 shares in the last quarter. 92.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. StockNews.com lowered Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Raymond James reaffirmed an “outperform” rating and set a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th.

Insider Activity at Federal Signal

In related news, CEO Jennifer L. Sherman acquired 1,250 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $82.32 per share, with a total value of $102,900.00. Following the completion of the purchase, the chief executive officer now directly owns 559,183 shares of the company’s stock, valued at $46,031,944.56. This represents a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.10% of the stock is currently owned by insiders.

Federal Signal Stock Up 2.3 %

Shares of FSS opened at $77.18 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. Federal Signal Co. has a 1 year low of $75.20 and a 1 year high of $102.18. The stock has a 50 day simple moving average of $92.22 and a two-hundred day simple moving average of $91.70. The firm has a market cap of $4.72 billion, a P/E ratio of 22.37, a P/E/G ratio of 1.85 and a beta of 1.02.

Federal Signal (NYSE:FSS) last announced its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The company had revenue of $472.00 million during the quarter, compared to the consensus estimate of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. 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 firm 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. The ex-dividend date is Friday, March 14th. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. Federal Signal’s dividend payout ratio (DPR) is 15.95%.

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.