Federal Signal Co. (NYSE:FSS) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its position in Federal Signal Co. (NYSE:FSS) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,917 shares of the conglomerate’s stock after selling 769 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Federal Signal were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in FSS. Van ECK Associates Corp increased its position in Federal Signal by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 37,263 shares of the conglomerate’s stock valued at $3,483,000 after acquiring an additional 10,647 shares during the period. Summit Global Investments bought a new position in shares of Federal Signal in the third quarter worth $748,000. Crossmark Global Holdings Inc. increased its holdings in shares of Federal Signal by 4.1% during the third quarter. Crossmark Global Holdings Inc. now owns 4,269 shares of the conglomerate’s stock valued at $399,000 after purchasing an additional 169 shares during the period. Aigen Investment Management LP bought a new stake in shares of Federal Signal during the third quarter valued at about $466,000. Finally, Victory Capital Management Inc. lifted its holdings in Federal Signal by 299.5% in the third quarter. Victory Capital Management Inc. now owns 119,012 shares of the conglomerate’s stock worth $11,123,000 after purchasing an additional 89,225 shares during the period. Institutional investors own 92.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on FSS. Raymond James reissued an “outperform” rating and set a $110.00 target price on shares of Federal Signal in a research note on Tuesday, December 24th. StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, DA Davidson dropped their target price on Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th.

Federal Signal Price Performance

NYSE:FSS opened at $80.16 on Tuesday. 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 business’s 50-day moving average price is $94.72 and its 200 day moving average price is $92.59. Federal Signal Co. has a 52-week low of $76.85 and a 52-week high of $102.18. The firm has a market cap of $4.90 billion, a P/E ratio of 23.23, a PEG ratio of 1.85 and a beta of 1.01.

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, hitting the consensus estimate of $0.87. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The company had revenue of $472.00 million for the quarter, compared to analysts’ expectations of $481.90 million. As a group, sell-side analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is 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 Transactions at Federal Signal

In related news, CEO Jennifer L. Sherman acquired 1,250 shares of the business’s stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the acquisition, the chief executive officer now owns 559,183 shares in the company, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.10% of the company’s stock.

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.