Aquatic Capital Management LLC purchased a new position in Federal Signal Corporation (NYSE:FSS – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 50,660 shares of the conglomerate’s stock, valued at approximately $6,028,000. Aquatic Capital Management LLC owned about 0.08% of Federal Signal at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in FSS. CW Advisors LLC bought a new stake in shares of Federal Signal during the 2nd quarter worth $6,426,000. Y Intercept Hong Kong Ltd acquired a new position in Federal Signal in the 3rd quarter valued at $3,745,000. Dynamic Technology Lab Private Ltd bought a new position in Federal Signal in the 3rd quarter worth $2,124,000. Entropy Technologies LP bought a new position in Federal Signal in the 2nd quarter worth $1,385,000. Finally, Bahl & Gaynor Inc. lifted its position in Federal Signal by 3.1% during the 2nd quarter. Bahl & Gaynor Inc. now owns 85,232 shares of the conglomerate’s stock worth $9,070,000 after acquiring an additional 2,569 shares during the last quarter. Institutional investors own 92.73% of the company’s stock.
Federal Signal Price Performance
Shares of Federal Signal stock opened at $107.04 on Tuesday. The firm’s 50-day moving average price is $114.36 and its two-hundred day moving average price is $115.90. Federal Signal Corporation has a 1-year low of $66.47 and a 1-year high of $132.89. The stock has a market capitalization of $6.52 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 1.60 and a beta of 1.32. The company has a current ratio of 3.02, a quick ratio of 1.35 and a debt-to-equity ratio of 0.41.
Federal Signal Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, March 13th. This is an increase 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 0.6%. Federal Signal’s dividend payout ratio is presently 14.96%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on FSS shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Federal Signal in a research report on Monday, December 29th. CJS Securities raised Federal Signal from a “market perform” rating to a “market outperform” rating and set a $140.00 price objective for the company in a research report on Thursday, February 26th. KeyCorp upgraded Federal Signal from a “sector weight” rating to an “overweight” rating and set a $130.00 target price for the company in a research note on Tuesday, March 10th. Finally, Wall Street Zen lowered Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.75.
Read Our Latest Analysis on Federal Signal
Federal Signal 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.
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