Oak Ridge Investments LLC Cuts Stake in Federal Signal Co. (NYSE:FSS)

Oak Ridge Investments LLC lessened its holdings in Federal Signal Co. (NYSE:FSS) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,470 shares of the conglomerate’s stock after selling 977 shares during the period. Oak Ridge Investments LLC’s holdings in Federal Signal were worth $3,462,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of FSS. Barclays PLC increased its position in shares of Federal Signal by 338.7% in the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock valued at $13,569,000 after purchasing an additional 112,092 shares during the last quarter. First Hawaiian Bank raised its stake in Federal Signal by 520.7% in the fourth quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate’s stock valued at $1,640,000 after buying an additional 14,891 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Federal Signal by 4.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock worth $71,875,000 after buying an additional 31,517 shares during the last quarter. Quest Partners LLC boosted its position in shares of Federal Signal by 4,025.9% during the 3rd quarter. Quest Partners LLC now owns 18,608 shares of the conglomerate’s stock worth $1,739,000 after acquiring an additional 18,157 shares in the last quarter. Finally, EULAV Asset Management increased its holdings in shares of Federal Signal by 15.3% in the 3rd quarter. EULAV Asset Management now owns 240,803 shares of the conglomerate’s stock valued at $22,505,000 after acquiring an additional 32,000 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

FSS has been the subject of a number of research analyst reports. DA Davidson lowered their price target on Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Raymond James restated an “outperform” rating and issued a $110.00 target price on shares of Federal Signal in a report on Tuesday, December 24th. Finally, StockNews.com upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, December 28th.

Federal Signal Trading Down 1.0 %

FSS opened at $96.88 on Friday. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 28.08 and a beta of 1.01. Federal Signal Co. has a 52 week low of $73.09 and a 52 week high of $102.18. The business’s 50 day moving average is $94.62 and its two-hundred day moving average is $92.05. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.

Federal Signal (NYSE:FSS) last released its quarterly earnings results on Thursday, October 31st. The conglomerate reported $0.88 EPS for the quarter, beating the consensus estimate of $0.84 by $0.04. Federal Signal had a net margin of 11.57% and a return on equity of 18.46%. The firm had revenue of $474.20 million during the quarter, compared to the consensus estimate of $481.71 million. During the same quarter in the prior year, the firm earned $0.71 EPS. Federal Signal’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, research analysts predict that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 15th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Friday, November 15th. Federal Signal’s dividend payout ratio is currently 13.91%.

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.