Federal Signal Co. (NYSE:FSS) Shares Acquired by Jump Financial LLC

Jump Financial LLC boosted its position in Federal Signal Co. (NYSE:FSS) by 61.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 41,659 shares of the conglomerate’s stock after acquiring an additional 15,900 shares during the quarter. Jump Financial LLC’s holdings in Federal Signal were worth $3,849,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Federal Signal by 338.7% during the 3rd quarter. Barclays PLC now owns 145,188 shares of the conglomerate’s stock worth $13,569,000 after buying an additional 112,092 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Federal Signal in the third quarter valued at $46,000. Tidal Investments LLC boosted its position in shares of Federal Signal by 19.1% during the 3rd quarter. Tidal Investments LLC now owns 3,174 shares of the conglomerate’s stock worth $297,000 after purchasing an additional 510 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Federal Signal by 26.7% during the 3rd quarter. Franklin Resources Inc. now owns 638,253 shares of the conglomerate’s stock worth $59,523,000 after purchasing an additional 134,457 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Federal Signal by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 169,352 shares of the conglomerate’s stock valued at $15,828,000 after purchasing an additional 2,348 shares in the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on FSS. StockNews.com downgraded shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st. Raymond James decreased their price target on Federal Signal from $105.00 to $100.00 and set an “outperform” rating on the stock in a research note on Monday.

Federal Signal Price Performance

Federal Signal stock opened at $75.13 on Thursday. The firm has a market capitalization of $4.59 billion, a PE ratio of 21.78, a P/E/G ratio of 1.85 and a beta of 1.11. Federal Signal Co. has a 52 week low of $66.47 and a 52 week high of $102.18. The firm’s 50-day simple moving average is $81.53 and its 200 day simple moving average is $89.26. The company has a quick ratio of 1.36, a current ratio of 2.83 and a debt-to-equity ratio of 0.19.

Federal Signal (NYSE:FSS) last issued its quarterly earnings data on Wednesday, February 26th. The conglomerate reported $0.87 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.87. The firm had revenue of $472.00 million during 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%. On average, equities research analysts predict that Federal Signal Co. will post 3.34 EPS for the current fiscal year.

Federal Signal Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Friday, March 14th. 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%.

Insider Buying and Selling at Federal Signal

In other news, CEO Jennifer L. Sherman purchased 1,250 shares of the stock in a transaction dated 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 directly owns 559,183 shares in the company, valued at $46,031,944.56. This represents a 0.22 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is owned by insiders.

About Federal Signal

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.