Gabelli Funds LLC Acquires 4,800 Shares of Federal Signal Co. (NYSE:FSS)

Gabelli Funds LLC boosted its holdings in shares of Federal Signal Co. (NYSE:FSS) by 2.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 183,200 shares of the conglomerate’s stock after acquiring an additional 4,800 shares during the period. Gabelli Funds LLC’s holdings in Federal Signal were worth $16,926,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FSS. Mather Group LLC. raised its stake in shares of 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. Arizona State Retirement System grew its holdings in shares of Federal Signal by 0.9% during the fourth quarter. Arizona State Retirement System now owns 17,746 shares of the conglomerate’s stock worth $1,640,000 after buying an additional 152 shares in the last quarter. Albion Financial Group UT raised its position in Federal Signal by 1.3% in the 4th quarter. Albion Financial Group UT now owns 12,126 shares of the conglomerate’s stock valued at $1,120,000 after buying an additional 153 shares during the last quarter. Signaturefd LLC lifted its stake in Federal Signal by 37.4% in the 4th quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock valued at $56,000 after acquiring an additional 165 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in Federal Signal by 15.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate’s stock worth $124,000 after acquiring an additional 181 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.

Federal Signal Trading Down 0.9 %

Shares of Federal Signal stock opened at $75.50 on Wednesday. The stock has a market cap of $4.61 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.85 and a beta of 1.11. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 12-month low of $66.47 and a 12-month high of $102.18. The business’s 50 day moving average is $81.98 and its 200-day moving average is $89.36.

Federal Signal (NYSE:FSS) last announced its quarterly earnings results on Wednesday, February 26th. The conglomerate reported $0.87 EPS for the quarter, meeting analysts’ consensus estimates of $0.87. The firm had revenue of $472.00 million during 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%. Equities research analysts predict that Federal Signal Co. will post 3.34 earnings per share for the current fiscal 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. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.74%. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, March 14th. Federal Signal’s dividend payout ratio (DPR) is presently 15.95%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on FSS. Raymond James lowered their price objective on shares of Federal Signal from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday. StockNews.com cut shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st.

Insider Transactions at Federal Signal

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

Federal Signal 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.