Aigen Investment Management LP Invests $270,000 in Federal Signal Co. (NYSE:FSS)

Aigen Investment Management LP acquired a new position in shares of Federal Signal Co. (NYSE:FSS – Get Rating) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 5,803 shares of the conglomerate’s stock, valued at approximately $270,000.

A number of other large investors also recently modified their holdings of FSS. American Century Companies Inc. boosted its stake in shares of Federal Signal by 22.6% during the 1st quarter. American Century Companies Inc. now owns 9,851 shares of the conglomerate’s stock worth $332,000 after buying an additional 1,819 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Federal Signal by 5.8% in the 1st quarter. Citigroup Inc. now owns 68,055 shares of the conglomerate’s stock valued at $2,297,000 after purchasing an additional 3,713 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Federal Signal by 9.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,216 shares of the conglomerate’s stock valued at $142,000 after purchasing an additional 376 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Federal Signal by 56.6% in the 1st quarter. MetLife Investment Management LLC now owns 32,782 shares of the conglomerate’s stock valued at $1,106,000 after purchasing an additional 11,850 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Federal Signal by 17.8% in the 1st quarter. Rhumbline Advisers now owns 169,901 shares of the conglomerate’s stock valued at $5,734,000 after purchasing an additional 25,702 shares during the period. 89.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Federal Signal

In other news, CFO Ian A. Hudson sold 49,330 shares of Federal Signal stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $51.78, for a total transaction of $2,554,307.40. Following the transaction, the chief financial officer now owns 70,651 shares in the company, valued at $3,658,308.78. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Ian A. Hudson sold 49,330 shares of Federal Signal stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $51.78, for a total transaction of $2,554,307.40. Following the completion of the transaction, the chief financial officer now owns 70,651 shares of the company’s stock, valued at $3,658,308.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Lauren B. Elting sold 14,541 shares of Federal Signal stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $53.86, for a total transaction of $783,178.26. Following the transaction, the chief accounting officer now directly owns 13,991 shares of the company’s stock, valued at approximately $753,555.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 73,214 shares of company stock worth $3,828,273. Company insiders own 3.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. DA Davidson upped their target price on shares of Federal Signal from $54.00 to $68.00 in a report on Thursday, March 2nd. Raymond James upped their target price on shares of Federal Signal from $57.00 to $68.00 and gave the company a “strong-buy” rating in a report on Thursday, March 2nd. Sidoti cut shares of Federal Signal from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a report on Thursday, February 23rd. Finally, StockNews.com initiated coverage on shares of Federal Signal in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Federal Signal has an average rating of “Moderate Buy” and a consensus price target of $59.25.

Federal Signal Stock Up 1.1 %

Federal Signal stock opened at $53.37 on Friday. Federal Signal Co. has a twelve month low of $33.68 and a twelve month high of $58.15. The company has a quick ratio of 1.22, a current ratio of 2.79 and a debt-to-equity ratio of 0.42. The stock has a market cap of $3.25 billion, a P/E ratio of 25.54 and a beta of 1.08. The company’s 50-day moving average price is $52.12 and its two-hundred day moving average price is $50.85.

Federal Signal (NYSE:FSS – Get Rating) last issued its quarterly earnings results on Tuesday, May 2nd. The conglomerate reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $385.50 million for the quarter, compared to analyst estimates of $370.61 million. Federal Signal had a net margin of 8.54% and a return on equity of 15.06%. Federal Signal’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.34 earnings per share. As a group, analysts expect that Federal Signal Co. will post 2.37 EPS for the current year.

Federal Signal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, May 19th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, May 18th. This is a positive change from Federal Signal’s previous quarterly dividend of $0.09. Federal Signal’s payout ratio is 19.14%.

Federal Signal Company Profile

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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.