5,809 Shares in Federal Signal Co. (NYSE:FSS) Purchased by Illumine Investment Management LLC

Illumine Investment Management LLC purchased a new position in shares of Federal Signal Co. (NYSE:FSS) in the fourth quarter, HoldingsChannel reports. The fund purchased 5,809 shares of the conglomerate’s stock, valued at approximately $537,000.

Several other hedge funds also recently made changes to their positions in the business. Barclays PLC boosted its holdings 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 buying an additional 112,092 shares during the last quarter. First Hawaiian Bank raised its stake in Federal Signal by 520.7% in the 4th quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate’s stock valued at $1,640,000 after acquiring an additional 14,891 shares during the period. 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 valued at $71,875,000 after purchasing an additional 31,517 shares during the last quarter. Quest Partners LLC boosted its position in Federal Signal by 4,025.9% during the third quarter. Quest Partners LLC now owns 18,608 shares of the conglomerate’s stock worth $1,739,000 after purchasing an additional 18,157 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Federal Signal by 17.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 152,430 shares of the conglomerate’s stock valued at $14,246,000 after purchasing an additional 22,821 shares during the period. 92.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on FSS. Raymond James restated an “outperform” rating and set a $110.00 price objective on shares of Federal Signal in a research report on Tuesday, December 24th. DA Davidson lowered their price target on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, StockNews.com upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Friday, February 21st.

Federal Signal Trading Up 2.4 %

Shares of Federal Signal stock opened at $81.88 on Friday. The firm’s 50-day moving average price is $95.14 and its two-hundred day moving average price is $92.79. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.85 and a beta of 1.01. 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 Co. has a 12-month low of $76.85 and a 12-month high of $102.18.

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, 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 business had revenue of $472.00 million for the quarter, compared to analysts’ expectations of $481.90 million. On average, analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, March 14th. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. Federal Signal’s dividend payout ratio is presently 16.23%.

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.