Moran Wealth Management LLC Raises Position in Federal Signal Co. (NYSE:FSS)

Moran Wealth Management LLC increased its holdings in Federal Signal Co. (NYSE:FSS) by 3.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 44,751 shares of the conglomerate’s stock after acquiring an additional 1,632 shares during the quarter. Moran Wealth Management LLC’s holdings in Federal Signal were worth $4,135,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in FSS. Quarry LP raised its position in shares of Federal Signal by 73.5% in the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after buying an additional 183 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Federal Signal in the third quarter valued at $46,000. Millburn Ridgefield Corp bought a new position in Federal Signal in the third quarter valued at $70,000. Mather Group LLC. increased its stake in 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 acquiring an additional 149 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in 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 acquiring an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Federal Signal Stock Up 0.3 %

Shares of NYSE:FSS opened at $80.83 on Tuesday. The stock’s 50-day moving average price is $93.44 and its 200-day moving average price is $92.12. Federal Signal Co. has a 12-month low of $76.85 and a 12-month high of $102.18. The stock has a market capitalization of $4.94 billion, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02. 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 quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $481.90 million. On average, equities analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be paid 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 annualized dividend and a dividend yield of 0.69%. Federal Signal’s dividend payout ratio (DPR) is presently 15.95%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Federal Signal news, CEO Jennifer L. Sherman bought 1,250 shares of the business’s stock in a transaction that occurred 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 completion of the purchase, the chief executive officer now directly owns 559,183 shares of the company’s stock, 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 filing with the SEC, which is available at this link. 3.10% of the stock is owned by insiders.

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.