63,329 Shares in Federal Signal Co. (NYSE:FSS) Purchased by DF Dent & Co. Inc.

DF Dent & Co. Inc. purchased a new position in Federal Signal Co. (NYSE:FSS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 63,329 shares of the conglomerate’s stock, valued at approximately $5,851,000. DF Dent & Co. Inc. owned approximately 0.10% of Federal Signal at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FSS. Quarry LP boosted its stake in Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after buying an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Federal Signal during the 3rd quarter valued at about $46,000. Signaturefd LLC raised its holdings in shares of Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock worth $56,000 after buying an additional 165 shares during the period. Millburn Ridgefield Corp purchased a new stake in Federal Signal in the third quarter worth $70,000. Finally, Mather Group LLC. lifted its holdings in Federal Signal by 20.1% during the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock valued at $82,000 after buying an additional 149 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FSS has been the topic of a number of recent research reports. StockNews.com downgraded 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 set a $110.00 target price on shares of Federal Signal in a research report on Tuesday, December 24th.

Insider Activity

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the acquisition, the chief executive officer now directly owns 559,183 shares of the company’s stock, valued at $46,031,944.56. The trade was a 0.22 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.30% of the company’s stock.

Federal Signal Price Performance

NYSE:FSS opened at $77.22 on Thursday. The stock has a market capitalization of $4.72 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02. Federal Signal Co. has a 52 week low of $69.96 and a 52 week high of $102.18. The stock’s 50-day moving average price is $87.42 and its 200-day moving average price is $90.71. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.

Federal Signal (NYSE:FSS) last issued its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. The business had revenue of $472.00 million for the quarter, compared to analysts’ expectations of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. As a group, equities analysts expect that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a dividend of $0.14 per share. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Friday, March 14th. Federal Signal’s dividend payout ratio (DPR) is currently 15.95%.

About Federal Signal

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.