Gamco Investors INC. ET AL reduced its stake in Federal Signal Corporation (NYSE:FSS) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 924,561 shares of the company’s stock after selling 11,549 shares during the period. Gamco Investors INC. ET AL’s holdings in Federal Signal Corporation were worth $14,432,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trexquant Investment LP bought a new position in Federal Signal Corporation during the fourth quarter valued at approximately $219,000. FMR LLC raised its position in Federal Signal Corporation by 32.8% in the fourth quarter. FMR LLC now owns 859,620 shares of the company’s stock valued at $13,419,000 after buying an additional 212,500 shares during the last quarter. State Street Corp raised its position in Federal Signal Corporation by 5.9% in the fourth quarter. State Street Corp now owns 1,571,764 shares of the company’s stock valued at $24,534,000 after buying an additional 87,609 shares during the last quarter. Comerica Bank raised its position in Federal Signal Corporation by 5.7% in the fourth quarter. Comerica Bank now owns 63,859 shares of the company’s stock valued at $1,015,000 after buying an additional 3,466 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new position in Federal Signal Corporation during the third quarter valued at approximately $891,000. 84.52% of the stock is owned by hedge funds and other institutional investors.
Shares of Federal Signal Corporation (NYSE:FSS) traded down 1.49% on Friday, reaching $15.25. The company had a trading volume of 60,478 shares. The firm’s 50 day moving average is $15.67 and its 200 day moving average is $14.26. The firm has a market capitalization of $913.55 million, a PE ratio of 21.75 and a beta of 1.53. Federal Signal Corporation has a 12 month low of $11.16 and a 12 month high of $16.65.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 10th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.81%. Federal Signal Corporation’s payout ratio is currently 40.58%.
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Several research firms have recently commented on FSS. Seaport Global Securities raised Federal Signal Corporation from an “accumulate” rating to a “buy” rating in a research report on Wednesday, February 1st. TheStreet upgraded Federal Signal Corporation from a “hold” rating to a “buy” rating in a research note on Friday, November 18th. Finally, Zacks Investment Research downgraded Federal Signal Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, November 2nd.
About Federal Signal Corporation
Federal Signal Corporation designs and manufactures products and integrated solutions for municipal governmental industrial and commercial customers. The Company operates through two segments: Environmental Solutions Group, and Safety and Security Systems Group. Environmental Solutions Group is manufacturer and supplier of a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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