66,448 Shares in Federal Signal Co. (NYSE:FSS) Acquired by Alta Capital Management LLC

Alta Capital Management LLC acquired a new position in Federal Signal Co. (NYSE:FSS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 66,448 shares of the conglomerate’s stock, valued at approximately $6,139,000.

Several other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in Federal Signal by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate’s stock worth $72,112,000 after purchasing an additional 11,466 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Federal Signal by 15.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate’s stock worth $124,000 after acquiring an additional 181 shares during the period. Smartleaf Asset Management LLC grew its holdings in Federal Signal by 182.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate’s stock worth $127,000 after acquiring an additional 891 shares during the period. Illumine Investment Management LLC acquired a new stake in Federal Signal during the 4th quarter worth $537,000. Finally, Cavalier Investments LLC grew its holdings in Federal Signal by 4.2% during the 4th quarter. Cavalier Investments LLC now owns 10,810 shares of the conglomerate’s stock worth $999,000 after acquiring an additional 432 shares during the period. Institutional investors own 92.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on FSS. DA Davidson lowered their target price on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Raymond James reaffirmed an “outperform” rating and set a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th. Finally, StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday.

Federal Signal Price Performance

FSS opened at $80.16 on Tuesday. 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 Co. has a 12 month low of $76.85 and a 12 month high of $102.18. The company has a fifty day simple moving average of $94.72 and a 200 day simple moving average of $92.59. The stock has a market cap of $4.90 billion, a P/E ratio of 23.23, a P/E/G ratio of 1.85 and a beta of 1.01.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The business had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $481.90 million. On average, research analysts expect that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. Federal Signal’s dividend payout ratio is currently 15.95%.

Insiders Place Their Bets

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the stock in a transaction on Friday, February 28th. The stock was purchased at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the acquisition, the chief executive officer now owns 559,183 shares in the company, valued at approximately $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.10% of the company’s stock.

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.