1 week Ago By ABMN Staff
Pictet Asset Management Holding SA grew its stake in Federal Signal Co. ( NYSE:FSS – Free Report ) by 11.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 9,070 shares of the conglomerate’s stock after purchasing an additional 935 shares during the period. Pictet Asset Management Holding SA’s holdings in Federal Signal were worth $838,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors have also added to or reduced their stakes in the stock.
Norges Bank bought a new stake in shares of Federal Signal during the fourth quarter worth $78,192,000. Raymond James Financial Inc. bought a new position in Federal Signal in the fourth quarter valued at about $36,636,000.
Geode Capital Management LLC boosted its stake 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 valued at $149,727,000 after purchasing an additional 239,789 shares in the last quarter.
JPMorgan Chase & Co. grew its holdings in shares of Federal Signal by 79.9% during the fourth quarter.
JPMorgan Chase & Co. now owns 304,711 shares of the conglomerate’s stock worth $28,152,000 after purchasing an additional 135,359 shares during the last quarter. Finally, Franklin Resources Inc.
increased its stake in shares of Federal Signal by 26.7% in the third quarter. Franklin Resources Inc.
now owns 638,253 shares of the conglomerate’s stock valued at $59,523,000 after buying an additional 134,457 shares during the period. 92.73% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth A number of equities research analysts have weighed in on the stock. StockNews.com lowered shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st.
Raymond James restated an “outperform” rating and issued a $110.00 price objective on shares of Federal Signal in a report on Tuesday, December 24th. Federal Signal Stock Performance NYSE:FSS opened at $70.
51 on Tuesday. The company has a market capitalization of $4.31 billion, a PE ratio of 20.
44, a P/E/G ratio of 1.85 and a beta of 1.11.
Federal Signal Co. has a fifty-two week low of $66.47 and a fifty-two week high of $102.
18. 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 50 day simple moving average of $85.
76 and a two-hundred day simple moving average of $90.35. Federal Signal ( NYSE:FSS – Get Free Report ) last released its earnings results on Wednesday, February 26th.
The conglomerate reported $0.87 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.87.
Federal Signal had a net margin of 11.57% and a return on equity of 18.46%.
The business had revenue of $472.00 million for the quarter, compared to analyst estimates of $481.90 million.
Research analysts anticipate that Federal Signal Co. will post 3.34 earnings per share for the current year.
Federal Signal Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid a dividend of $0.14 per share.
The ex-dividend date was Friday, March 14th. This represents a $0.56 annualized dividend and a yield of 0.
79%. This is a boost from Federal Signal’s previous quarterly dividend of $0.12.
Federal Signal’s dividend payout ratio (DPR) is currently 15.95%. Insiders Place Their Bets In related news, CEO Jennifer L.
Sherman purchased 1,250 shares of Federal Signal stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $82.32 per share, for a total transaction of $102,900.
00. Following the completion of the acquisition, the chief executive officer now owns 559,183 shares of the company’s stock, valued at $46,031,944.56.
This trade represents a 0.22 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link .
3.30% of the stock is currently owned by corporate insiders. About Federal Signal ( Free Report ) 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.
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