Lisanti Capital Growth LLC Reduces Stock Holdings in Federal Signal Co. (NYSE:FSS)

Lisanti Capital Growth LLC reduced its stake in Federal Signal Co. (NYSE:FSS) by 38.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,575 shares of the conglomerate’s stock after selling 24,175 shares during the period. Lisanti Capital Growth LLC’s holdings in Federal Signal were worth $3,564,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of FSS. Quarry LP grew its position in shares of Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after acquiring an additional 183 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Federal Signal during the third quarter worth approximately $46,000. Millburn Ridgefield Corp purchased a new position in shares of Federal Signal during the third quarter worth approximately $70,000. Mather Group LLC. grew its position in shares of 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 acquiring an additional 149 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in shares of 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 acquiring an additional 181 shares during the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman bought 1,250 shares of Federal Signal stock in a transaction on Friday, February 28th. The stock was bought at an average price of $82.32 per share, with a total value of $102,900.00. Following the completion of the acquisition, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.10% of the stock is owned by corporate insiders.

Federal Signal Price Performance

Shares of NYSE FSS opened at $79.61 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The stock has a fifty day moving average price of $93.91 and a 200 day moving average price of $92.31. Federal Signal Co. has a 1-year low of $76.85 and a 1-year high of $102.18. The company has a market cap of $4.86 billion, a PE ratio of 23.07, a P/E/G ratio of 1.85 and a beta of 1.01.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share 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 firm had revenue of $472.00 million during the quarter, compared to the consensus estimate of $481.90 million. Sell-side analysts forecast that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued 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 yield of 0.70%. This is an increase from Federal Signal’s previous quarterly dividend of $0.12. Federal Signal’s dividend payout ratio (DPR) is 15.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on FSS shares. StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Raymond James restated an “outperform” rating and set a $110.00 target price on shares of Federal Signal in a research 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.