Federal Signal Co. (NYSE:FSS) Stock Holdings Lessened by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its stake in shares of Federal Signal Co. (NYSE:FSS) by 5.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,917 shares of the conglomerate’s stock after selling 769 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Federal Signal were worth $1,193,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. ArrowMark Colorado Holdings LLC acquired a new stake in shares of Federal Signal during the 3rd quarter valued at $28,863,000. Geode Capital Management LLC raised its holdings in shares of Federal Signal by 17.6% during the third quarter. Geode Capital Management LLC now owns 1,601,774 shares of the conglomerate’s stock worth $149,727,000 after acquiring an additional 239,789 shares in the last quarter. Franklin Resources Inc. boosted its position in Federal Signal by 26.7% during the third quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock valued at $59,523,000 after purchasing an additional 134,457 shares during the last quarter. Barclays PLC grew its stake in Federal Signal by 338.7% in the third quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock valued at $13,569,000 after purchasing an additional 112,092 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Federal Signal by 299.5% in the 3rd quarter. Victory Capital Management Inc. now owns 119,012 shares of the conglomerate’s stock worth $11,123,000 after purchasing an additional 89,225 shares during the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FSS has been the subject of several research reports. StockNews.com lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday. DA Davidson reduced their target price on shares of Federal Signal from $94.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Raymond James restated an “outperform” rating and set a $110.00 price target on shares of Federal Signal in a research note on Tuesday, December 24th.

Federal Signal Stock Performance

FSS opened at $80.16 on Tuesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.36 and a current ratio of 2.83. The company has a market cap of $4.90 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 1.85 and a beta of 1.01. The stock has a 50-day moving average of $94.72 and a 200-day moving average of $92.59. Federal Signal Co. has a 52-week low of $76.85 and a 52-week high of $102.18.

Federal Signal (NYSE:FSS) last posted its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, hitting the consensus estimate of $0.87. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. The firm had revenue of $472.00 million during the quarter, compared to analyst estimates of $481.90 million. As a group, equities research analysts forecast that Federal Signal Co. will post 3.34 earnings per share for the current fiscal year.

Federal Signal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, March 14th will be paid a $0.14 dividend. The ex-dividend date is Friday, March 14th. This is a positive change from Federal Signal’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.70%. Federal Signal’s dividend payout ratio (DPR) is presently 15.95%.

Insiders Place Their Bets

In other Federal Signal news, CEO Jennifer L. Sherman purchased 1,250 shares of the company’s stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $82.32 per share, with a total value of $102,900.00. Following the transaction, the chief executive officer now directly owns 559,183 shares in the company, valued at approximately $46,031,944.56. This represents a 0.22 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.10% of the company’s stock.

Federal Signal Company 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.