Wealthfront Advisers LLC Takes Position in Federal Signal Co. (NYSE:FSS)

Wealthfront Advisers LLC purchased a new stake in Federal Signal Co. (NYSE:FSS) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 18,892 shares of the conglomerate’s stock, valued at approximately $1,745,000.

Several other hedge funds have also made changes to their positions in FSS. Raymond James Financial Inc. purchased a new stake in shares of Federal Signal in the 4th quarter valued at approximately $36,636,000. ArrowMark Colorado Holdings LLC purchased a new stake in shares of Federal Signal in the 3rd quarter valued at approximately $28,863,000. Geode Capital Management LLC lifted its holdings in shares of Federal Signal by 17.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after acquiring an additional 239,789 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Federal Signal by 26.7% in the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock worth $59,523,000 after acquiring an additional 134,457 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Federal Signal by 338.7% in the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock worth $13,569,000 after acquiring an additional 112,092 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Insider Buying and Selling at Federal Signal

In other news, CEO Jennifer L. Sherman acquired 1,250 shares of the company’s stock in a transaction on Friday, February 28th. The shares were bought 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 owns 559,183 shares in the company, valued at approximately $46,031,944.56. This trade represents a 0.22 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.10% of the company’s stock.

Federal Signal Price Performance

Federal Signal stock opened at $77.18 on Friday. The firm has a market cap of $4.72 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 1.85 and a beta of 1.03. Federal Signal Co. has a 52-week low of $75.20 and a 52-week high of $102.18. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The company’s 50 day moving average is $92.22 and its two-hundred day moving average is $91.71.

Federal Signal (NYSE:FSS) last released its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.87. The company had revenue of $472.00 million for the quarter, compared to analyst estimates of $481.90 million. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. On average, research analysts expect that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be given a $0.14 dividend. The ex-dividend date is Friday, March 14th. This is an increase 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 0.73%. Federal Signal’s dividend payout ratio is currently 15.95%.

Analysts Set New Price Targets

FSS has been the topic of several recent analyst reports. StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Raymond James restated an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a report 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.