Federal Signal Co. (NYSE:FSS) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC trimmed its holdings in shares of Federal Signal Co. (NYSE:FSS) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,442 shares of the conglomerate’s stock after selling 251 shares during the period. CIBC Private Wealth Group LLC’s holdings in Federal Signal were worth $691,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Barclays PLC lifted its position in Federal Signal by 338.7% during the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock valued at $13,569,000 after purchasing an additional 112,092 shares during the period. First Hawaiian Bank raised its stake in shares of Federal Signal by 520.7% during the 4th quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate’s stock valued at $1,640,000 after buying an additional 14,891 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Federal Signal by 17.6% in 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 valued at $14,246,000 after buying an additional 22,821 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Federal Signal by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate’s stock worth $72,112,000 after buying an additional 11,466 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Federal Signal by 84.1% during the fourth quarter. Victory Capital Management Inc. now owns 219,147 shares of the conglomerate’s stock worth $20,247,000 after acquiring an additional 100,135 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Stock Performance

Shares of FSS stock opened at $71.24 on Friday. The company has a market capitalization of $4.35 billion, a P/E ratio of 20.65, a P/E/G ratio of 1.85 and a beta of 1.02. Federal Signal Co. has a 12-month low of $67.60 and a 12-month high of $102.18. The business’s 50 day moving average is $86.30 and its two-hundred day moving average is $90.48. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19.

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 for the quarter, compared to analyst estimates of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Analysts expect that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Friday, March 14th. This is an increase from Federal Signal’s previous quarterly dividend of $0.12. 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 Federal Signal stock in a transaction on Friday, February 28th. The stock was acquired 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 directly owns 559,183 shares of the company’s stock, 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. 3.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on FSS shares. Raymond James restated an “outperform” rating and issued a $110.00 price objective 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, March 1st.

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.