EntryPoint Capital LLC Grows Holdings in Federal Signal Co. (NYSE:FSS)

EntryPoint Capital LLC raised its holdings in shares of Federal Signal Co. (NYSE:FSS) by 119.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,557 shares of the conglomerate’s stock after purchasing an additional 4,106 shares during the quarter. Federal Signal accounts for approximately 0.3% of EntryPoint Capital LLC’s investment portfolio, making the stock its 28th largest holding. EntryPoint Capital LLC’s holdings in Federal Signal were worth $698,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FSS. Quarry LP boosted its position in Federal Signal by 73.5% in the 3rd quarter. Quarry LP now owns 432 shares of the conglomerate’s stock valued at $40,000 after buying an additional 183 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Federal Signal in the third quarter valued at approximately $46,000. Signaturefd LLC grew its stake in Federal Signal by 37.4% in the fourth quarter. Signaturefd LLC now owns 606 shares of the conglomerate’s stock worth $56,000 after purchasing an additional 165 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in Federal Signal during the 3rd quarter worth $70,000. Finally, Mather Group LLC. raised its position in Federal Signal by 20.1% during 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 in the last quarter. 92.73% of the stock is owned by hedge funds and other institutional investors.

Federal Signal Trading Up 3.7 %

Shares of NYSE:FSS opened at $78.18 on Tuesday. The company has a market capitalization of $4.78 billion, a PE ratio of 22.66, a P/E/G ratio of 1.85 and a beta of 1.02. The company has a current ratio of 2.83, a quick ratio of 1.36 and a debt-to-equity ratio of 0.19. Federal Signal Co. has a 12-month low of $74.23 and a 12-month high of $102.18. The business’s fifty day simple moving average is $90.31 and its 200-day simple moving average is $91.13.

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

Federal Signal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.72%. This is an increase from Federal Signal’s previous quarterly dividend of $0.12. The ex-dividend date is Friday, March 14th. Federal Signal’s dividend payout ratio (DPR) is 15.95%.

Insiders Place Their Bets

In other Federal Signal news, CEO Jennifer L. Sherman acquired 1,250 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average price of $82.32 per share, with a total value of $102,900.00. Following the transaction, the chief executive officer now directly owns 559,183 shares of the company’s stock, valued at $46,031,944.56. This trade represents a 0.22 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Raymond James reissued an “outperform” rating and set a $110.00 price target on shares of Federal Signal in a research report on Tuesday, December 24th. StockNews.com cut shares of Federal Signal from a “buy” rating to a “hold” rating in a report on Saturday, March 1st.

Federal Signal Company 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.