Bullseye Asset Management LLC acquired a new stake in shares of Federal Signal Corporation (NYSE:FSS – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 20,906 shares of the conglomerate’s stock, valued at approximately $2,270,000.
A number of other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in Federal Signal by 47.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 88,210 shares of the conglomerate’s stock worth $9,579,000 after purchasing an additional 28,299 shares during the period. Tudor Investment Corp ET AL increased its stake in Federal Signal by 200.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 265,308 shares of the conglomerate’s stock worth $31,569,000 after purchasing an additional 176,870 shares during the period. Nordea Investment Management AB purchased a new position in Federal Signal in the 4th quarter worth approximately $8,590,000. Geode Capital Management LLC increased its stake in Federal Signal by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 1,725,757 shares of the conglomerate’s stock worth $187,427,000 after purchasing an additional 18,587 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in Federal Signal by 76.7% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 247,531 shares of the conglomerate’s stock worth $26,879,000 after purchasing an additional 107,474 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.
Federal Signal Price Performance
FSS opened at $109.04 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 2.84. Federal Signal Corporation has a 52-week low of $97.25 and a 52-week high of $132.89. The stock has a market capitalization of $6.65 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 1.58 and a beta of 1.26. The stock’s 50 day moving average price is $113.29 and its 200-day moving average price is $112.86.
Federal Signal Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.60 annualized dividend and a dividend yield of 0.6%. Federal Signal’s payout ratio is 13.64%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on FSS shares. Weiss Ratings cut Federal Signal from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, June 4th. Zacks Research raised Federal Signal from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 4th. DA Davidson lifted their price target on Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Wall Street Zen raised Federal Signal from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, CJS Securities raised Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price target on the stock in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $139.25.
Check Out Our Latest Stock Analysis on FSS
Federal Signal Company Profile
Federal Signal Corporation (NYSE: FSS), headquartered in Oak Brook, Illinois, is a diversified industrial company that designs, manufactures and markets a broad range of products and services for municipal, commercial and industrial customers worldwide. Founded in 1901 in Chicago, the company has grown through a combination of organic investment and strategic acquisitions to become a leading provider of environmental management and safety and security solutions.
Federal Signal operates through two primary business segments.
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