Integrated Quantitative Investments LLC purchased a new position in shares of Federal Signal Corporation (NYSE:FSS – Free Report) in the third quarter, HoldingsChannel.com reports. The fund purchased 11,626 shares of the conglomerate’s stock, valued at approximately $1,383,000.
Several other large investors have also recently bought and sold shares of FSS. Bahl & Gaynor Inc. lifted its holdings in shares of Federal Signal by 3.6% in the third quarter. Bahl & Gaynor Inc. now owns 88,290 shares of the conglomerate’s stock valued at $10,506,000 after purchasing an additional 3,058 shares in the last quarter. Quantbot Technologies LP acquired a new position in Federal Signal during the third quarter valued at approximately $2,401,000. Creative Financial Designs Inc. ADV raised its position in Federal Signal by 18.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,873 shares of the conglomerate’s stock worth $223,000 after acquiring an additional 293 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Federal Signal by 15.7% in the third quarter. Handelsbanken Fonder AB now owns 258,160 shares of the conglomerate’s stock valued at $30,718,000 after acquiring an additional 35,000 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Federal Signal by 3.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 22,129 shares of the conglomerate’s stock worth $2,633,000 after purchasing an additional 819 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.
Federal Signal Stock Down 1.1%
FSS stock opened at $116.94 on Thursday. Federal Signal Corporation has a fifty-two week low of $66.47 and a fifty-two week high of $132.89. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.02 and a quick ratio of 1.35. The stock has a market capitalization of $7.12 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 1.80 and a beta of 1.32. The business’s fifty day moving average price is $114.87 and its two-hundred day moving average price is $117.00.
Federal Signal Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be given a $0.15 dividend. The ex-dividend date is Friday, March 13th. This is a positive change from Federal Signal’s previous quarterly dividend of $0.14. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.5%. Federal Signal’s dividend payout ratio (DPR) is presently 13.97%.
Analysts Set New Price Targets
A number of equities analysts recently commented on FSS shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Federal Signal in a report on Monday, December 29th. Wall Street Zen downgraded Federal Signal from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, CJS Securities upgraded 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. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Federal Signal currently has an average rating of “Moderate Buy” and a consensus price target of $126.75.
Get Our Latest Analysis on Federal Signal
About Federal Signal
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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