Federal Signal Co. (NYSE:FSS) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC grew its holdings in Federal Signal Co. (NYSE:FSSGet Rating) by 3.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,739 shares of the conglomerate’s stock after buying an additional 300 shares during the period. Park Avenue Securities LLC’s holdings in Federal Signal were worth $363,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of FSS. CWM LLC lifted its stake in shares of Federal Signal by 114.8% in the 2nd quarter. CWM LLC now owns 883 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 472 shares during the last quarter. M&T Bank Corp acquired a new position in shares of Federal Signal in the 2nd quarter valued at $35,000. SeaCrest Wealth Management LLC acquired a new position in shares of Federal Signal in the 2nd quarter valued at $36,000. Point72 Hong Kong Ltd acquired a new position in Federal Signal during the 1st quarter worth about $51,000. Finally, Lazard Asset Management LLC acquired a new position in Federal Signal during the 1st quarter worth about $52,000. Institutional investors and hedge funds own 89.90% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dennis J. Martin sold 20,000 shares of the stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $49.17, for a total value of $983,400.00. Following the transaction, the director now owns 594,841 shares in the company, valued at approximately $29,248,331.97. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FSS shares. DA Davidson increased their target price on Federal Signal from $46.00 to $54.00 in a research note on Monday, November 7th. Raymond James increased their target price on Federal Signal from $52.00 to $57.00 and gave the stock a “strong-buy” rating in a research note on Thursday. Finally, StockNews.com lowered Federal Signal from a “buy” rating to a “hold” rating in a research note on Monday, December 12th.

Federal Signal Price Performance

Shares of NYSE FSS opened at $50.87 on Monday. The stock’s 50-day moving average is $47.83 and its two-hundred day moving average is $43.46. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.82 and a quick ratio of 1.23. Federal Signal Co. has a 1-year low of $31.86 and a 1-year high of $51.28. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 29.58 and a beta of 1.01.

Federal Signal (NYSE:FSSGet Rating) last issued its quarterly earnings results on Thursday, November 3rd. The conglomerate reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. Federal Signal had a return on equity of 13.71% and a net margin of 7.83%. The company had revenue of $346.40 million for the quarter, compared to the consensus estimate of $369.10 million. Analysts forecast that Federal Signal Co. will post 1.96 EPS for the current fiscal year.

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Friday, November 18th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, November 17th. This represents a $0.36 annualized dividend and a yield of 0.71%. Federal Signal’s dividend payout ratio (DPR) is 20.93%.

Federal Signal Profile

(Get Rating)

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.

Further Reading

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

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