King Luther Capital Management Corp Purchases New Position in Federal Signal Co. (NYSE:FSS)

King Luther Capital Management Corp acquired a new position in shares of Federal Signal Co. (NYSE:FSS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,165 shares of the conglomerate’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quarry LP boosted its position in shares of Federal Signal by 73.5% during 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 last quarter. Wilmington Savings Fund Society FSB purchased a new position in Federal Signal during the 3rd quarter worth $46,000. Millburn Ridgefield Corp purchased a new position in Federal Signal during the 3rd quarter worth $70,000. Mather Group LLC. grew its stake in shares of Federal Signal by 20.1% in the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock worth $82,000 after acquiring an additional 149 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its holdings 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 purchasing an additional 181 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Price Performance

Shares of NYSE:FSS opened at $77.18 on Friday. The company has a market capitalization of $4.72 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 1.85 and a beta of 1.03. The company’s 50-day moving average is $92.22 and its 200 day moving average is $91.71. 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 Co. has a fifty-two week low of $75.20 and a fifty-two week high of $102.18.

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

Federal Signal Increases Dividend

The company also recently announced 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. 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 yield of 0.73%. The ex-dividend date of this dividend is Friday, March 14th. Federal Signal’s dividend payout ratio (DPR) is currently 15.95%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Raymond James restated an “outperform” rating and set a $110.00 price target on shares of Federal Signal in a report on Tuesday, December 24th. StockNews.com lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st.

Insider Buying and Selling at Federal Signal

In other news, CEO Jennifer L. Sherman acquired 1,250 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of $82.32 per share, with a total value of $102,900.00. Following the acquisition, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. The trade was a 0.22 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate 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.