Federal Signal Co. (NYSE:FSS) Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE lowered its position in shares of Federal Signal Co. (NYSE:FSS) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 184,375 shares of the conglomerate’s stock after selling 4,300 shares during the quarter. Axiom Investors LLC DE owned 0.30% of Federal Signal worth $17,034,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Quarry LP lifted its position in Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after purchasing an additional 183 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Federal Signal in the 3rd quarter valued at approximately $46,000. Signaturefd LLC boosted its stake in shares of Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock valued at $56,000 after buying an additional 165 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in Federal Signal during the third quarter worth $70,000. Finally, Mather Group LLC. raised its position in Federal Signal by 20.1% in the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock worth $82,000 after acquiring an additional 149 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jennifer L. Sherman acquired 1,250 shares of Federal Signal stock in a transaction that occurred on Friday, February 28th. The shares were acquired 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 owns 559,183 shares of the company’s stock, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FSS has been the topic of a number of recent analyst reports. StockNews.com cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Raymond James reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th.

Federal Signal Stock Performance

NYSE:FSS opened at $75.27 on Monday. Federal Signal Co. has a twelve month low of $74.23 and a twelve month high of $102.18. The company has a market capitalization of $4.60 billion, a P/E ratio of 21.82, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average price of $88.81 and a two-hundred day moving average price of $90.98.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, hitting 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 return on equity of 18.46% and a net margin of 11.57%. As a group, research analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.74%. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, March 14th. Federal Signal’s dividend payout ratio is 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.