Gamco Investors INC. ET AL Reduces Position in Federal Signal Co. (NYSE:FSS)

Gamco Investors INC. ET AL lowered its holdings in Federal Signal Co. (NYSE:FSS) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 382,009 shares of the conglomerate’s stock after selling 19,226 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Federal Signal were worth $35,294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Gabelli Funds LLC raised its holdings in Federal Signal by 2.7% during the 4th quarter. Gabelli Funds LLC now owns 183,200 shares of the conglomerate’s stock valued at $16,926,000 after acquiring an additional 4,800 shares during the period. Jump Financial LLC lifted its holdings in Federal Signal by 61.7% during the 4th quarter. Jump Financial LLC now owns 41,659 shares of the conglomerate’s stock worth $3,849,000 after purchasing an additional 15,900 shares in the last quarter. Defined Financial Planning LLC purchased a new position in Federal Signal during the 4th quarter valued at about $210,000. Barclays PLC increased its position in shares of Federal Signal by 18.1% during the fourth quarter. Barclays PLC now owns 171,411 shares of the conglomerate’s stock valued at $15,838,000 after buying an additional 26,223 shares during the period. Finally, Summit Investment Advisors Inc. lifted its holdings in shares of Federal Signal by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,292 shares of the conglomerate’s stock worth $581,000 after buying an additional 200 shares in the last quarter. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Federal Signal Price Performance

Shares of Federal Signal stock opened at $76.27 on Tuesday. The business’s 50 day simple moving average is $82.42 and its two-hundred day simple moving average is $89.45. Federal Signal Co. has a one year low of $66.47 and a one year high of $102.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The stock has a market capitalization of $4.66 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 1.85 and a beta of 1.11.

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

Federal Signal Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were given a dividend of $0.14 per share. The ex-dividend date was Friday, March 14th. This represents a $0.56 annualized dividend and a yield of 0.73%. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. Federal Signal’s dividend payout ratio (DPR) is currently 15.95%.

Analysts Set New Price Targets

Several research firms have issued reports on FSS. StockNews.com cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Raymond James decreased their price target on shares of Federal Signal from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday.

Insider Activity at Federal Signal

In other Federal Signal news, CEO Jennifer L. Sherman bought 1,250 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $82.32 per share, with a total value of $102,900.00. Following the completion of the purchase, the chief executive officer now owns 559,183 shares of the company’s stock, valued at approximately $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by corporate 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.