NEOS Investment Management LLC Increases Stock Position in Federal Signal Co. (NYSE:FSS)

NEOS Investment Management LLC raised its holdings in shares of Federal Signal Co. (NYSE:FSS) by 22.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 55,272 shares of the conglomerate’s stock after buying an additional 10,293 shares during the period. NEOS Investment Management LLC’s holdings in Federal Signal were worth $5,107,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on FSS shares. StockNews.com cut shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Raymond James reissued an “outperform” rating and issued a $110.00 price target on shares of Federal Signal in a report on Tuesday, December 24th.

Insider Activity

In related news, CEO Jennifer L. Sherman bought 1,250 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Federal Signal Trading Down 0.5 %

Shares of NYSE:FSS opened at $78.95 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 company’s 50-day moving average price is $89.24 and its 200 day moving average price is $90.93. The company has a market cap of $4.82 billion, a PE ratio of 22.89, a P/E/G ratio of 1.85 and a beta of 1.02. Federal Signal Co. has a fifty-two week low of $74.23 and a fifty-two week high of $102.18.

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. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The business had revenue of $472.00 million during the quarter, compared to the consensus estimate of $481.90 million. Sell-side 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 declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid a $0.14 dividend. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 0.71%. Federal Signal’s dividend payout ratio is presently 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.