Xponance Inc. Has $399,000 Position in Federal Signal Co. (NYSE:FSS)

Xponance Inc. boosted its stake in shares of Federal Signal Co. (NYSE:FSS) by 9.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,314 shares of the conglomerate’s stock after purchasing an additional 381 shares during the quarter. Xponance Inc.’s holdings in Federal Signal were worth $399,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FSS. State Street Corp boosted its holdings in shares of Federal Signal by 1.1% during the 3rd quarter. State Street Corp now owns 2,293,775 shares of the conglomerate’s stock worth $214,376,000 after buying an additional 25,080 shares during the period. Geode Capital Management LLC lifted its position in Federal Signal by 17.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after acquiring an additional 239,789 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Federal Signal by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 780,513 shares of the conglomerate’s stock valued at $72,112,000 after purchasing an additional 11,466 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Federal Signal by 26.7% in the third quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock worth $59,523,000 after purchasing an additional 134,457 shares during the period. Finally, Bank of New York Mellon Corp lifted its position 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 purchasing an additional 36,616 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. 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 reissued an “outperform” rating and set a $110.00 target price on shares of Federal Signal in a research report on Tuesday, December 24th.

Federal Signal Stock Up 0.4 %

FSS opened at $79.42 on Thursday. The company has a market capitalization of $4.85 billion, a P/E ratio of 23.02, a P/E/G ratio of 1.85 and a beta of 1.02. 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 firm’s fifty day moving average price is $89.62 and its two-hundred day moving average price is $91.02. Federal Signal Co. has a fifty-two week low of $74.23 and a fifty-two week high of $102.18.

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

Federal Signal Increases Dividend

The business also recently declared 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 a positive change from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.56 annualized dividend and a yield of 0.71%. Federal Signal’s payout ratio is currently 15.95%.

Insider Buying and Selling at Federal Signal

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of Federal Signal stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $82.32 per share, for a total transaction of $102,900.00. Following the completion of the transaction, the chief executive officer now directly owns 559,183 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.30% of the company’s stock.

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.