Schwab Charles Investment Management Inc. increased its stake in shares of Federal Signal Co. (NYSE:FSS) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 440,111 shares of the conglomerate’s stock after purchasing an additional 18,721 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Federal Signal were worth $8,842,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of FSS. Quantbot Technologies LP purchased a new stake in Federal Signal in the third quarter valued at about $120,000. First Quadrant L P CA purchased a new stake in Federal Signal in the third quarter valued at about $187,000. SG Americas Securities LLC purchased a new stake in Federal Signal in the third quarter valued at about $212,000. Crossmark Global Holdings Inc. purchased a new stake in Federal Signal in the third quarter valued at about $241,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in Federal Signal in the third quarter valued at about $255,000. Hedge funds and other institutional investors own 84.42% of the company’s stock.
A number of research firms have commented on FSS. Seaport Global Securities reiterated a “buy” rating on shares of Federal Signal in a research note on Thursday, March 1st. ValuEngine upgraded Federal Signal from a “hold” rating to a “buy” rating in a research note on Wednesday, February 28th. Sidoti began coverage on Federal Signal in a research note on Tuesday, February 20th. They issued a “neutral” rating for the company. Finally, Zacks Investment Research upgraded Federal Signal from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a research note on Tuesday, February 6th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $21.00.
Federal Signal Co. (NYSE FSS) opened at $22.17 on Wednesday. Federal Signal Co. has a 12 month low of $13.07 and a 12 month high of $23.64. The stock has a market capitalization of $1,317.00, a PE ratio of 21.74 and a beta of 1.18. The company has a quick ratio of 1.42, a current ratio of 2.59 and a debt-to-equity ratio of 0.61.
Federal Signal (NYSE:FSS) last announced its quarterly earnings data on Wednesday, February 28th. The conglomerate reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.04. Federal Signal had a return on equity of 12.07% and a net margin of 6.86%. The firm had revenue of $247.60 million during the quarter, compared to analysts’ expectations of $228.90 million. During the same period last year, the business posted $0.16 earnings per share. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. research analysts anticipate that Federal Signal Co. will post 1.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Monday, March 5th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Friday, March 2nd. Federal Signal’s payout ratio is 27.45%.
Federal Signal Company Profile
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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