SeaCrest Wealth Management LLC Makes New $36,000 Investment in Federal Signal Co. (NYSE:FSS)

SeaCrest Wealth Management LLC acquired a new position in shares of Federal Signal Co. (NYSE:FSSGet Rating) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,018 shares of the conglomerate’s stock, valued at approximately $36,000.

Other large investors have also modified their holdings of the company. Legacy Wealth Asset Management LLC boosted its holdings in shares of Federal Signal by 2.8% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 14,696 shares of the conglomerate’s stock worth $496,000 after buying an additional 405 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in shares of Federal Signal during the 1st quarter worth $439,000. Brown Advisory Inc. boosted its holdings in shares of Federal Signal by 4.2% during the 2nd quarter. Brown Advisory Inc. now owns 1,302,148 shares of the conglomerate’s stock worth $46,586,000 after buying an additional 52,996 shares during the period. Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in shares of Federal Signal during the 1st quarter worth $371,000. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Federal Signal by 7.8% during the 1st quarter. Teacher Retirement System of Texas now owns 12,655 shares of the conglomerate’s stock worth $427,000 after buying an additional 919 shares during the period. 91.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on FSS. Raymond James upped their price objective on shares of Federal Signal from $45.00 to $52.00 and gave the stock a “strong-buy” rating in a report on Thursday, October 20th. KeyCorp upped their target price on shares of Federal Signal from $44.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, August 22nd. DA Davidson upped their target price on shares of Federal Signal from $46.00 to $54.00 in a research note on Monday, November 7th. Finally, StockNews.com upgraded shares of Federal Signal from a “hold” rating to a “buy” rating in a research note on Friday, November 4th.

Federal Signal Price Performance

NYSE:FSS opened at $49.21 on Tuesday. Federal Signal Co. has a one year low of $31.86 and a one year high of $50.56. The stock has a market cap of $2.98 billion, a P/E ratio of 28.61 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.82 and a quick ratio of 1.23. The company has a fifty day moving average price of $43.37 and a 200 day moving average price of $39.46.

Federal Signal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 18th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, November 17th. Federal Signal’s dividend payout ratio is 20.93%.

Federal Signal Company Profile

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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.

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Institutional Ownership by Quarter for Federal Signal (NYSE:FSS)

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