NEOS Investment Management LLC Increases Stock Position in Federal Signal Co. (NYSE:FSS)

NEOS Investment Management LLC lifted its holdings in shares of Federal Signal Co. (NYSE:FSS) by 22.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,272 shares of the conglomerate’s stock after purchasing an additional 10,293 shares during the period. NEOS Investment Management LLC owned about 0.09% of Federal Signal worth $5,107,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Barclays PLC boosted its stake in shares of Federal Signal by 338.7% during the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock worth $13,569,000 after purchasing an additional 112,092 shares during the last quarter. First Hawaiian Bank boosted its position in Federal Signal by 520.7% during the fourth quarter. First Hawaiian Bank now owns 17,751 shares of the conglomerate’s stock worth $1,640,000 after acquiring an additional 14,891 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Federal Signal by 4.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 769,047 shares of the conglomerate’s stock worth $71,875,000 after acquiring an additional 31,517 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Federal Signal by 17.6% in the 3rd 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 acquiring an additional 22,821 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Federal Signal by 84.1% during the 4th quarter. Victory Capital Management Inc. now owns 219,147 shares of the conglomerate’s stock worth $20,247,000 after purchasing an additional 100,135 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $82.32 per share, with a total value of $102,900.00. Following the transaction, the chief executive officer now owns 559,183 shares in the company, valued at approximately $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.30% of the company’s stock.

Federal Signal Trading Down 0.5 %

FSS stock opened at $78.95 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 22.89, a PEG ratio of 1.85 and a beta of 1.02. The business has a fifty day simple moving average of $89.24 and a 200-day simple moving average of $90.93. Federal Signal Co. has a 52 week low of $74.23 and a 52 week high of $102.18.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, hitting the consensus estimate of $0.87. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The company had revenue of $472.00 million during the quarter, compared to analyst estimates of $481.90 million. On average, equities research analysts expect that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 0.71%. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. Federal Signal’s dividend payout ratio is presently 15.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com downgraded Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Raymond James restated an “outperform” rating and issued a $110.00 price target on shares of Federal Signal in a report on Tuesday, December 24th.

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.