Inceptionr LLC Acquires New Stake in Federal Signal Co. (NYSE:FSS)

Inceptionr LLC acquired a new stake in Federal Signal Co. (NYSE:FSS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,787 shares of the conglomerate’s stock, valued at approximately $535,000.

Other large investors also recently bought and sold shares of the company. Barclays PLC increased its holdings in Federal Signal by 338.7% during the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock worth $13,569,000 after purchasing an additional 112,092 shares during the period. First Hawaiian Bank increased its holdings in Federal Signal by 520.7% during the 4th quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate’s stock worth $1,640,000 after purchasing an additional 14,891 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Federal Signal by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock worth $71,875,000 after purchasing an additional 31,517 shares during the period. Quest Partners LLC increased its holdings in Federal Signal by 4,025.9% during the 3rd quarter. Quest Partners LLC now owns 18,608 shares of the conglomerate’s stock worth $1,739,000 after purchasing an additional 18,157 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Federal Signal by 17.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate’s stock worth $14,246,000 after acquiring an additional 22,821 shares in the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Wall Street Analysts Forecast Growth

FSS has been the subject of several analyst reports. StockNews.com cut Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Raymond James reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Federal Signal in a research report on Tuesday, December 24th.

Federal Signal Trading Up 1.2 %

NYSE:FSS opened at $80.58 on Friday. The stock has a 50-day simple moving average of $93.67 and a 200-day simple moving average of $92.21. The stock has a market cap of $4.92 billion, a P/E ratio of 23.36, a P/E/G ratio of 1.85 and a beta of 1.02. Federal Signal Co. has a 1 year low of $76.85 and a 1 year high of $102.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83.

Federal Signal (NYSE:FSS) last announced 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. The firm had revenue of $472.00 million during the quarter, compared to analysts’ expectations of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. As a group, analysts anticipate that Federal Signal Co. will post 3.34 earnings per share 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. 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 is a boost from Federal Signal’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. Federal Signal’s dividend payout ratio is 15.95%.

Insider Activity at Federal Signal

In other 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 cost of $82.32 per share, with a total value of $102,900.00. Following the transaction, the chief executive officer now directly owns 559,183 shares in the company, valued at $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 is accessible through the SEC website. Insiders own 3.10% of the company’s stock.

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.