Raymond James Financial Services Advisors Inc. Trims Holdings in Federal Signal Co. (NYSE:FSS)

Raymond James Financial Services Advisors Inc. decreased its holdings in Federal Signal Co. (NYSE:FSSGet Rating) by 22.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,754 shares of the conglomerate’s stock after selling 13,670 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.08% of Federal Signal worth $1,782,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC raised its position in Federal Signal by 114.8% in the 2nd quarter. CWM LLC now owns 883 shares of the conglomerate’s stock valued at $31,000 after purchasing an additional 472 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Federal Signal in the 2nd quarter valued at $36,000. Point72 Hong Kong Ltd purchased a new stake in Federal Signal in the 1st quarter valued at $51,000. Lazard Asset Management LLC purchased a new stake in Federal Signal in the 1st quarter valued at $52,000. Finally, Eagle Bay Advisors LLC purchased a new stake in Federal Signal in the 2nd quarter valued at $65,000. Hedge funds and other institutional investors own 89.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. StockNews.com downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a research report on Monday, December 12th. DA Davidson upped their price objective on shares of Federal Signal from $46.00 to $54.00 in a research report on Monday, November 7th. Finally, Raymond James upped their price objective on shares of Federal Signal from $45.00 to $52.00 and gave the stock a “strong-buy” rating in a research report on Thursday, October 20th.

Insider Transactions at Federal Signal

In other news, Director Dennis J. Martin sold 20,000 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $49.17, for a total transaction of $983,400.00. Following the transaction, the director now directly owns 594,841 shares of the company’s stock, valued at approximately $29,248,331.97. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Federal Signal Stock Down 2.6 %

Shares of Federal Signal stock opened at $49.59 on Wednesday. The company has a market cap of $3.01 billion, a P/E ratio of 28.83 and a beta of 1.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.23 and a current ratio of 2.82. Federal Signal Co. has a one year low of $31.86 and a one year high of $51.28. The firm has a fifty day moving average of $47.74 and a two-hundred day moving average of $43.15.

Federal Signal (NYSE:FSSGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The conglomerate reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. Federal Signal had a net margin of 7.83% and a return on equity of 13.71%. The business had revenue of $346.40 million for the quarter, compared to analysts’ expectations of $369.10 million. On average, analysts forecast that Federal Signal Co. will post 1.96 earnings per share for the current year.

Federal Signal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Stockholders of record on Friday, November 18th were paid a dividend of $0.09 per share. The ex-dividend date was Thursday, November 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.73%. Federal Signal’s dividend payout ratio (DPR) is presently 20.93%.

Federal Signal Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Federal Signal (NYSE:FSS)

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