AlphaQuest LLC Has $983,000 Position in Federal Signal Co. (NYSE:FSS)

AlphaQuest LLC reduced its holdings in Federal Signal Co. (NYSE:FSS) by 42.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,637 shares of the conglomerate’s stock after selling 7,971 shares during the quarter. AlphaQuest LLC’s holdings in Federal Signal were worth $983,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in FSS. Quarry LP lifted its stake in shares of Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after buying an additional 183 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Federal Signal in the third quarter valued at about $46,000. Millburn Ridgefield Corp bought a new stake in shares of Federal Signal in the third quarter valued at about $70,000. Mather Group LLC. lifted its stake in shares of Federal Signal by 20.1% in the fourth 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 period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Federal Signal by 15.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate’s stock valued at $124,000 after buying an additional 181 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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. Corporate insiders own 3.10% of the company’s stock.

Federal Signal Stock Up 0.3 %

Shares of FSS opened at $80.83 on Tuesday. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 23.43, a P/E/G ratio of 1.85 and a beta of 1.02. 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 $93.44 and a two-hundred day moving average price of $92.12.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, hitting 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 net margin of 11.57% and a return on equity of 18.46%. Equities analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

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

Analyst Ratings Changes

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

About Federal Signal

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.