Brown Advisory Inc. increased its holdings in shares of Federal Signal Co. (NYSE:FSS) by 18.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,477,758 shares of the conglomerate’s stock after acquiring an additional 225,288 shares during the period. Brown Advisory Inc. owned approximately 2.46% of Federal Signal worth $29,689,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of FSS. Vanguard Group Inc. boosted its stake in Federal Signal by 3.3% during the second quarter. Vanguard Group Inc. now owns 3,197,214 shares of the conglomerate’s stock worth $55,503,000 after acquiring an additional 103,228 shares in the last quarter. California Public Employees Retirement System boosted its stake in Federal Signal by 7.0% during the second quarter. California Public Employees Retirement System now owns 142,400 shares of the conglomerate’s stock worth $2,472,000 after acquiring an additional 9,300 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Federal Signal by 39.1% during the second quarter. Parametric Portfolio Associates LLC now owns 77,663 shares of the conglomerate’s stock worth $1,348,000 after acquiring an additional 21,832 shares in the last quarter. Voya Investment Management LLC boosted its stake in Federal Signal by 8.4% during the second quarter. Voya Investment Management LLC now owns 30,158 shares of the conglomerate’s stock worth $524,000 after acquiring an additional 2,338 shares in the last quarter. Finally, State Street Corp boosted its stake in Federal Signal by 1.7% during the second quarter. State Street Corp now owns 1,560,730 shares of the conglomerate’s stock worth $27,095,000 after acquiring an additional 25,703 shares in the last quarter. 84.88% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on FSS. Zacks Investment Research lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. ValuEngine lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Sidoti began coverage on shares of Federal Signal in a research note on Tuesday. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Federal Signal presently has a consensus rating of “Buy” and an average price target of $21.00.
Federal Signal Co. (NYSE:FSS) opened at $19.57 on Friday. The stock has a market cap of $1,170.29, a P/E ratio of 26.81 and a beta of 1.27. Federal Signal Co. has a 52 week low of $13.07 and a 52 week high of $23.64. The company has a quick ratio of 1.23, a current ratio of 2.37 and a debt-to-equity ratio of 0.67.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Monday, March 5th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $0.28 annualized dividend and a dividend yield of 1.43%. Federal Signal’s dividend payout ratio is presently 38.36%.
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About Federal Signal
Federal Signal Corporation designs, manufactures and supplies a suite of products and integrated solutions for municipal, governmental, industrial and commercial customers. The Company’s segments include the Environmental Solutions Group and the Safety and Security Systems Group. Its Environmental Solutions Group manufactures and supplies a range of street sweeper vehicles, sewer cleaner and vacuum loader trucks, hydro-excavation trucks and waterblasting equipment.
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