Federal Signal Co. (NYSE:FSS) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its stake in shares of Federal Signal Co. (NYSE:FSS) by 4.8% in the fourth quarter, Holdings Channel reports. The fund owned 3,899 shares of the conglomerate’s stock after selling 196 shares during the period. US Bancorp DE’s holdings in Federal Signal were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Illumine Investment Management LLC acquired a new stake in Federal Signal during the 4th quarter worth approximately $537,000. Cavalier Investments LLC raised its stake in shares of Federal Signal by 4.2% during the 4th quarter. Cavalier Investments LLC now owns 10,810 shares of the conglomerate’s stock worth $999,000 after buying an additional 432 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Federal Signal by 7.9% during the 4th quarter. Bank of New York Mellon Corp now owns 502,173 shares of the conglomerate’s stock worth $46,396,000 after buying an additional 36,616 shares in the last quarter. Pembroke Management LTD raised its stake in shares of Federal Signal by 26.6% during the 4th quarter. Pembroke Management LTD now owns 280,016 shares of the conglomerate’s stock worth $25,871,000 after buying an additional 58,756 shares in the last quarter. Finally, Truist Financial Corp raised its stake in shares of Federal Signal by 3.0% during the 4th quarter. Truist Financial Corp now owns 45,249 shares of the conglomerate’s stock worth $4,181,000 after buying an additional 1,314 shares in the last quarter. 92.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FSS has been the subject of a number of analyst reports. StockNews.com downgraded Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, March 1st. Raymond James reissued an “outperform” rating and set a $110.00 target price on shares of Federal Signal in a research note on Tuesday, December 24th.

Federal Signal Stock Performance

NYSE FSS opened at $75.39 on Friday. Federal Signal Co. has a 1-year low of $75.20 and a 1-year high of $102.18. The company has a market capitalization of $4.61 billion, a P/E ratio of 21.85, a PEG ratio of 1.85 and a beta of 1.03. The business has a 50 day moving average price of $92.60 and a 200 day moving average price of $91.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36.

Federal Signal (NYSE:FSS) last released its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, meeting the consensus estimate of $0.87. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm had revenue of $472.00 million during the quarter, compared to the consensus estimate of $481.90 million. Sell-side analysts expect that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be paid a $0.14 dividend. This is an increase from Federal Signal’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, March 14th. Federal Signal’s dividend payout ratio (DPR) is presently 15.95%.

Insider Activity at Federal Signal

In related news, CEO Jennifer L. Sherman bought 1,250 shares of the stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $82.32 per share, for a total transaction of $102,900.00. Following the acquisition, the chief executive officer now owns 559,183 shares in the company, valued at $46,031,944.56. This represents a 0.22 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by company insiders.

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.