Federal Signal Co. (NYSE:FSS) Shares Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC lifted its position in Federal Signal Co. (NYSE:FSS) by 119.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,557 shares of the conglomerate’s stock after acquiring an additional 4,106 shares during the period. Federal Signal accounts for 0.3% of EntryPoint Capital LLC’s investment portfolio, making the stock its 28th biggest holding. EntryPoint Capital LLC’s holdings in Federal Signal were worth $698,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in FSS. Vanguard Group Inc. lifted its holdings in shares of Federal Signal by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 7,247,803 shares of the conglomerate’s stock worth $669,625,000 after purchasing an additional 93,597 shares during the period. State Street Corp boosted its holdings in shares of Federal Signal by 1.1% in the 3rd quarter. State Street Corp now owns 2,293,775 shares of the conglomerate’s stock valued at $214,376,000 after acquiring an additional 25,080 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Federal Signal by 17.6% in the third 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 period. Charles Schwab Investment Management Inc. lifted its position in Federal Signal by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate’s stock valued at $72,112,000 after purchasing an additional 11,466 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Federal Signal by 26.7% in the third quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock valued at $59,523,000 after purchasing an additional 134,457 shares during the last quarter. Hedge funds and other institutional investors own 92.73% of the company’s stock.

Federal Signal Price Performance

Federal Signal stock opened at $78.18 on Tuesday. The stock has a market capitalization of $4.78 billion, a P/E ratio of 22.66, a P/E/G ratio of 1.85 and a beta of 1.02. The company’s fifty day moving average price is $90.31 and its 200 day moving average price is $91.13. 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 1 year low of $74.23 and a 1 year high of $102.18.

Federal Signal (NYSE:FSS) last posted 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 return on equity of 18.46% and a net margin of 11.57%. The company had revenue of $472.00 million for the quarter, compared to analysts’ expectations of $481.90 million. As a group, equities research analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, March 14th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, March 14th. Federal Signal’s dividend payout ratio is 15.95%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com lowered Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Raymond James reiterated an “outperform” rating and set a $110.00 price target on shares of Federal Signal in a research report on Tuesday, December 24th.

Insider Transactions at Federal Signal

In related news, CEO Jennifer L. Sherman bought 1,250 shares of the business’s stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $82.32 per share, with a total value of $102,900.00. Following the purchase, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.30% 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.