Smartleaf Asset Management LLC Purchases 891 Shares of Federal Signal Co. (NYSE:FSS)

Smartleaf Asset Management LLC grew its position in Federal Signal Co. (NYSE:FSS) by 182.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,379 shares of the conglomerate’s stock after purchasing an additional 891 shares during the period. Smartleaf Asset Management LLC’s holdings in Federal Signal were worth $127,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of FSS. State Street Corp raised its holdings in Federal Signal by 1.1% during the third quarter. State Street Corp now owns 2,293,775 shares of the conglomerate’s stock worth $214,376,000 after acquiring an additional 25,080 shares in the last quarter. Geode Capital Management LLC raised its holdings in Federal Signal by 17.6% during the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after acquiring an additional 239,789 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Federal Signal by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock worth $71,875,000 after acquiring an additional 31,517 shares in the last quarter. Franklin Resources Inc. raised its holdings in Federal Signal by 26.7% during the third quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock worth $59,523,000 after acquiring an additional 134,457 shares in the last quarter. Finally, Global Alpha Capital Management Ltd. raised its holdings in Federal Signal by 1.5% during the third quarter. Global Alpha Capital Management Ltd. now owns 602,613 shares of the conglomerate’s stock worth $56,320,000 after acquiring an additional 9,100 shares in the last quarter. 92.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were bought at an average price of $82.32 per share, with a total value of $102,900.00. Following the completion of the transaction, the chief executive officer now owns 559,183 shares of the company’s stock, valued at $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.10% of the stock is owned by company insiders.

Federal Signal Price Performance

NYSE:FSS opened at $80.58 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average price is $93.67 and its two-hundred day moving average price is $92.21. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 1.85 and a beta of 1.02. Federal Signal Co. has a 12-month low of $76.85 and a 12-month high of $102.18.

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

Federal Signal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be paid a $0.14 dividend. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, March 14th. This represents a $0.56 annualized dividend and a yield of 0.69%. Federal Signal’s dividend payout ratio is currently 15.95%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FSS. StockNews.com lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Raymond James reiterated an “outperform” rating and set a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th.

Federal Signal 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.