Summit Global Investments Has $258,000 Stake in Federal Signal Co. (NYSE:FSS)

Summit Global Investments reduced its holdings in shares of Federal Signal Co. (NYSE:FSS) by 65.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,788 shares of the conglomerate’s stock after selling 5,211 shares during the quarter. Summit Global Investments’ holdings in Federal Signal were worth $258,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quarry LP raised its holdings in Federal Signal by 73.5% in the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after acquiring an additional 183 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Federal Signal in the third quarter valued at approximately $46,000. Signaturefd LLC increased its stake in shares of Federal Signal by 37.4% during the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock worth $56,000 after purchasing an additional 165 shares during the period. Millburn Ridgefield Corp acquired a new stake in Federal Signal during the 3rd quarter worth approximately $70,000. Finally, Mather Group LLC. boosted its stake in Federal Signal by 20.1% in the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock valued at $82,000 after purchasing an additional 149 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Federal Signal news, CEO Jennifer L. Sherman acquired 1,250 shares of Federal Signal stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average cost of $82.32 per share, with a total value of $102,900.00. Following the completion of the purchase, the chief executive officer now directly owns 559,183 shares of the company’s stock, valued at $46,031,944.56. This represents a 0.22 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is currently owned by company insiders.

Federal Signal Trading Up 1.3 %

Shares of NYSE:FSS opened at $79.17 on Wednesday. The company has a market capitalization of $4.84 billion, a P/E ratio of 22.95, 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 business’s 50 day simple moving average is $89.95 and its 200 day simple moving average is $91.10. Federal Signal Co. has a 1 year low of $74.23 and a 1 year high of $102.18.

Federal Signal (NYSE:FSS) last issued its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $481.90 million. On average, research analysts anticipate that Federal Signal Co. will post 3.34 EPS for the current fiscal 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 dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Federal Signal’s previous quarterly dividend of $0.12. Federal Signal’s dividend payout ratio is 15.95%.

Analysts Set New Price Targets

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

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.