Natixis Advisors LLC lowered its stake in Federal Signal Corporation (NYSE:FSS – Free Report) by 11.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,582 shares of the conglomerate’s stock after selling 5,284 shares during the quarter. Natixis Advisors LLC’s holdings in Federal Signal were worth $4,298,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of FSS. EverSource Wealth Advisors LLC lifted its position in shares of Federal Signal by 140.6% in the second quarter. EverSource Wealth Advisors LLC now owns 243 shares of the conglomerate’s stock worth $26,000 after purchasing an additional 142 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Federal Signal by 3,100.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 256 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 248 shares in the last quarter. Covestor Ltd lifted its position in shares of Federal Signal by 118.0% in the fourth quarter. Covestor Ltd now owns 279 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 151 shares in the last quarter. Danske Bank A S bought a new stake in shares of Federal Signal in the third quarter worth $48,000. Finally, Globeflex Capital L P lifted its position in shares of Federal Signal by 8,618.2% in the second quarter. Globeflex Capital L P now owns 959 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 948 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.
Federal Signal Stock Performance
NYSE FSS opened at $106.86 on Tuesday. The company has a current ratio of 2.84, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average price is $113.07 and its two-hundred day moving average price is $112.82. Federal Signal Corporation has a 1 year low of $97.25 and a 1 year high of $132.89. The firm has a market capitalization of $6.52 billion, a P/E ratio of 24.29, a price-to-earnings-growth ratio of 1.54 and a beta of 1.26.
Federal Signal Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 15th. Federal Signal’s dividend payout ratio is 13.64%.
Analyst Upgrades and Downgrades
FSS has been the topic of a number of research reports. Wall Street Zen raised shares of Federal Signal from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. KeyCorp reissued an “overweight” rating and issued a $140.00 price objective on shares of Federal Signal in a research report on Thursday, April 30th. DA Davidson boosted their price objective on shares of Federal Signal from $125.00 to $132.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Weiss Ratings lowered shares of Federal Signal from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday. Finally, Zacks Research raised shares of Federal Signal from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $139.25.
Read Our Latest Report on Federal Signal
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.
See Also
- Five stocks we like better than Federal Signal
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
- A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
- A Market Rotation Toward Quality Will Benefit These 3 ETFs
Want to see what other hedge funds are holding FSS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Federal Signal Corporation (NYSE:FSS – Free Report).
Receive News & Ratings for Federal Signal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federal Signal and related companies with MarketBeat.com's FREE daily email newsletter.
