Smartleaf Asset Management LLC Purchases 891 Shares of Federal Signal Co. (NYSE:FSS)

Smartleaf Asset Management LLC lifted its position in shares of Federal Signal Co. (NYSE:FSS) by 182.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,379 shares of the conglomerate’s stock after acquiring an additional 891 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Federal Signal were worth $127,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP grew its stake in shares of Federal Signal by 73.5% during the third quarter. Quarry LP now owns 432 shares of the conglomerate’s stock worth $40,000 after purchasing an additional 183 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Federal Signal during the third quarter worth $46,000. Millburn Ridgefield Corp acquired a new stake in shares of Federal Signal during the third quarter worth $70,000. Mather Group LLC. grew its stake in shares of Federal Signal by 20.1% during the fourth quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock worth $82,000 after purchasing an additional 149 shares during the period. Finally, Archer Investment Corp grew its stake in shares of Federal Signal by 33.9% during the third quarter. Archer Investment Corp now owns 1,580 shares of the conglomerate’s stock worth $148,000 after purchasing an additional 400 shares during the period. Institutional investors own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 559,183 shares in the company, valued at approximately $46,031,944.56. This trade represents a 0.22 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.10% of the company’s stock.

Federal Signal Stock Up 1.2 %

NYSE:FSS opened at $80.58 on Friday. Federal Signal Co. has a 1 year low of $76.85 and a 1 year high of $102.18. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 23.36, a PEG ratio of 1.85 and a beta of 1.02. The stock has a 50-day moving average price of $93.67 and a two-hundred day moving average price of $92.21.

Federal Signal (NYSE:FSS) last posted its earnings results 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 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 analysts’ expectations of $481.90 million. As a group, equities analysts expect that Federal Signal Co. will post 3.34 earnings per share for the current year.

Federal Signal Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders 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 dividend yield of 0.69%. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, March 14th. Federal Signal’s payout ratio is 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.