Envestnet Asset Management Inc. Boosts Stake in Federal Signal Co. (NYSE:FSS)

Envestnet Asset Management Inc. boosted its position in Federal Signal Co. (NYSE:FSS) by 17.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 184,902 shares of the conglomerate’s stock after purchasing an additional 27,321 shares during the quarter. Envestnet Asset Management Inc. owned about 0.30% of Federal Signal worth $17,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Federal Signal during the 3rd quarter worth about $46,000. Signaturefd LLC raised its stake in Federal Signal by 37.4% during the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock worth $56,000 after purchasing an additional 165 shares during the period. Mather Group LLC. boosted its holdings in shares of Federal Signal by 20.1% in the 4th quarter. Mather Group LLC. now owns 889 shares of the conglomerate’s stock valued at $82,000 after purchasing an additional 149 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in shares of Federal Signal by 15.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,343 shares of the conglomerate’s stock valued at $124,000 after buying an additional 181 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Federal Signal by 182.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,379 shares of the conglomerate’s stock valued at $127,000 after acquiring an additional 891 shares during the period. 92.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com cut Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Raymond James cut their price target on shares of Federal Signal from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Monday.

Federal Signal Trading Down 0.9 %

NYSE:FSS opened at $75.50 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.83 and a quick ratio of 1.36. The firm has a market capitalization of $4.61 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.85 and a beta of 1.11. Federal Signal Co. has a 12-month low of $66.47 and a 12-month high of $102.18. The business has a 50 day simple moving average of $81.98 and a 200 day simple moving average of $89.36.

Federal Signal (NYSE:FSS) last announced its earnings results on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share for the quarter, meeting the consensus estimate of $0.87. The firm had revenue of $472.00 million for the quarter, compared to the consensus estimate of $481.90 million. Federal Signal had a return on equity of 18.46% and a net margin of 11.57%. Equities research analysts predict that Federal Signal Co. will post 3.34 EPS for the current year.

Federal Signal Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a dividend of $0.14 per share. The ex-dividend date was Friday, March 14th. This is a boost from Federal Signal’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.74%. Federal Signal’s dividend payout ratio (DPR) is 15.95%.

Insider Transactions at Federal Signal

In other news, CEO Jennifer L. Sherman bought 1,250 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average cost of $82.32 per share, with a total value of $102,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 559,183 shares in the company, valued at approximately $46,031,944.56. The trade was a 0.22 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.30% of the company’s stock.

Federal Signal Profile

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.