Alta Capital Management LLC Takes Position in Federal Signal Co. (NYSE:FSS)

Alta Capital Management LLC purchased a new stake in Federal Signal Co. (NYSE:FSS) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 66,448 shares of the conglomerate’s stock, valued at approximately $6,139,000. Alta Capital Management LLC owned about 0.11% of Federal Signal as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. grew its position in Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock worth $82,000 after buying an additional 149 shares in the last quarter. Albion Financial Group UT grew its position in Federal Signal by 1.3% during the fourth quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate’s stock worth $1,120,000 after buying an additional 153 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in Federal Signal by 4.1% during the third quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock worth $399,000 after buying an additional 169 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Federal Signal by 15.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate’s stock worth $124,000 after buying an additional 181 shares in the last quarter. Finally, Quarry LP grew its position in Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after buying an additional 183 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Federal Signal Stock Down 1.4 %

Shares of FSS opened at $80.16 on Tuesday. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 1.85 and a beta of 1.01. 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 50-day moving average price of $94.72 and a two-hundred day moving average price of $92.59.

Federal Signal (NYSE:FSS) last posted its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (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 company had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $481.90 million. Equities analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be paid a $0.14 dividend. The ex-dividend date 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 payout ratio is 15.95%.

Insider Activity

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the purchase, the chief executive officer now owns 559,183 shares of the company’s stock, valued at approximately $46,031,944.56. The trade was 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. 3.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.