3,240 Shares in Federal Signal Co. (NYSE:FSS) Acquired by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG bought a new stake in Federal Signal Co. (NYSE:FSS) in the 4th quarter, Holdings Channel.com reports. The fund bought 3,240 shares of the conglomerate’s stock, valued at approximately $299,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Federal Signal in the 4th quarter valued at $78,192,000. Raymond James Financial Inc. bought a new stake in shares of Federal Signal in the fourth quarter worth about $36,636,000. Geode Capital Management LLC raised its position in shares of Federal Signal by 17.6% during the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after purchasing an additional 239,789 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Federal Signal by 79.9% during the 4th quarter. JPMorgan Chase & Co. now owns 304,711 shares of the conglomerate’s stock valued at $28,152,000 after purchasing an additional 135,359 shares in the last quarter. Finally, Franklin Resources Inc. grew its position 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 valued at $59,523,000 after purchasing an additional 134,457 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Jennifer L. Sherman purchased 1,250 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the purchase, the chief executive officer now directly owns 559,183 shares in the company, valued at $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FSS has been the topic of a number of research reports. StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Raymond James reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a research report on Tuesday, December 24th.

Federal Signal Stock Down 2.3 %

Shares of Federal Signal stock opened at $71.24 on Friday. The firm has a market cap of $4.35 billion, a PE ratio of 20.65, a P/E/G ratio of 1.85 and a beta of 1.02. The business’s 50 day simple moving average is $86.30 and its 200 day simple moving average is $90.48. 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 52-week low of $67.60 and a 52-week 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, 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 company had revenue of $472.00 million for the quarter, compared to the consensus estimate of $481.90 million. On average, analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.79%. This is an increase from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, March 14th. Federal Signal’s dividend payout ratio is currently 15.95%.

Federal Signal Company 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.