Global Alpha Capital Management Ltd. lowered its holdings in Federal Signal Corporation (NYSE:FSS – Free Report) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 436,004 shares of the conglomerate’s stock after selling 30,609 shares during the period. Federal Signal comprises 2.9% of Global Alpha Capital Management Ltd.’s portfolio, making the stock its 8th largest position. Global Alpha Capital Management Ltd. owned 0.72% of Federal Signal worth $47,346,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in Federal Signal by 140.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after buying an additional 142 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Federal Signal by 3,100.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock worth $30,000 after buying an additional 248 shares during the last quarter. Covestor Ltd lifted its holdings in Federal Signal by 118.0% during the 4th quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock worth $30,000 after buying an additional 151 shares during the last quarter. Danske Bank A S bought a new position in Federal Signal during the 3rd quarter worth approximately $48,000. Finally, Globeflex Capital L P lifted its holdings in Federal Signal by 8,618.2% during the 2nd quarter. Globeflex Capital L P now owns 959 shares of the conglomerate’s stock worth $102,000 after buying an additional 948 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.
Federal Signal Stock Down 1.3%
FSS opened at $106.55 on Friday. Federal Signal Corporation has a 12 month low of $97.25 and a 12 month high of $132.89. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.84 and a quick ratio of 1.29. The stock has a market cap of $6.50 billion, a P/E ratio of 24.22, a P/E/G ratio of 1.54 and a beta of 1.26. The stock’s 50 day moving average price is $113.11 and its 200 day moving average price is $112.78.
Federal Signal Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, May 15th. Federal Signal’s dividend payout ratio (DPR) is currently 13.64%.
Analyst Ratings Changes
A number of research firms have commented on FSS. Weiss Ratings downgraded Federal Signal from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. KeyCorp reaffirmed an “overweight” rating and set a $140.00 target price on shares of Federal Signal in a report on Thursday, April 30th. DA Davidson increased their target price on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Zacks Research raised Federal Signal from a “hold” rating to a “strong-buy” rating in a report on Monday, May 4th. Finally, Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Federal Signal has a consensus rating of “Buy” and a consensus target price of $139.25.
Read Our Latest Analysis on Federal Signal
Federal Signal Company Profile
Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.
Federal Signal operates through two primary business segments.
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